Apollo Tyres Q2 profit rises 13.3% to Rs 292.3 crore

Apollo Tyres shares gained up to 8.29% on 5 Nov 2026 after Q2 profit rose 13.3%. Price trades below 440 resistance, with support at 375 on the daily chart. Apollo Tyres Limited [

] shares gained as much as 8.29% in morning trade on 5 November 2026 after its Q2 consolidated results. This is the fourth straight session of gains. Profit rose 13.3% year on year to Rs 292.3 crore, against Rs 258 crore. Revenue grew 16.6% to Rs 7,968.2 crore from Rs 6,831.1 crore. Exceptional loss fell to Rs 26.8 crore from Rs 180 crore. The board appointed Ravi Kumar Shingari as Chief Financial Officer. On the daily chart, the stock fell for a long period and then moved in a wide range. The recent low held near 375, and price now trades near Rs 423.25, below the 440 resistance. Profit grew slower than revenue, which limits the positive reaction. In my view, the setup is turning constructive, but the stock is still inside a range. A close above 440 would bring a stronger recovery into focus. A fall below 375 support would weaken the view and put fresh lows in view. Stance: cautiously bullish while 375 holds, with 440 as the key resistance. Disclaimer: I do not hold any position in this. This content is for informational purposes only and is not a recommendation to buy or sell. Investments in securities are subject to market risks. Please read all related documents carefully before investing.