"Apollo Tyres: Gripping Growth, Accelerating Exports!"

Technical Rationale Apollo Tyres shows neutral overall rating with Strong Buy on MAs (12/12 bullish) but Sell on oscillators (RSI 63.87 neutral, STOCH 87.81 overbought, CCI 169.64 Sell, MACD 7.54 Buy); summary Neutral leaning Buy amid recent uptrend. Pivot ₹478.40 with R1 ₹493.55–R2 ₹514.15–R3 ₹549.90, S1 ₹457.80–S2 ₹442.65–S3 ₹406.90; 5-min pivot ₹445.9, resistance ₹450.2–₹457.6, support S1/S2 lower. Price above EMA10/20/30/50/100/200 (Buy signals), VWMA20 Buy; enter long above ₹493 (R1) targeting ₹514–₹550 on volume surge pre-results, SL below ₹457 (S1).

Results Outlook (Feb 4 Board Meeting) Q3 FY26 unaudited results/dividend approval expected: Revenue ₹7,500-7,800 Cr (8-12% YoY) on volume growth (PCR tyres, exports), EBITDA margin 13-14% stable despite crude uptick, PAT ₹450-500 Cr (10-15% YoY) inline prior trends. Beats on replacement segment/export mix; QoQ flat from Q2 seasonality; consensus positive if margin guidance intact, dividend ~₹4-5/share likely. News Events & Impact Board meeting Feb 4 for Q3 results/interim dividend (record date post-announcement); BCCI lead sponsor for Team India (announced Jan 25)—brand enhancer, marketing boost for passenger tyres. Analyst PT avg ₹573 (max ₹650/min ₹449); no negatives, but rubber prices monitored. Impact: Strong results + dividend = 5-8% upside to ₹520+; misses drag to ₹450 support.