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Mohammed Shoaib

24th Aug · SEBI-Registered Analyst

Apollotyre is in the news • Strong volumes after the news

APOLLOTYRE
is in focus today after global brokerageUBS upgraded the stock from Neutral to Buyand raised its target price to ₹590. The stock jumped more than 6% intraday, showing how strongly the market reacted to the upgrade. UBS highlighted the stock's valuation discount compared with peers and sees potential for a meaningful rerating. But for traders, the important question is not just the brokerage target. Watch for: • Strong volumes after the news • Sustaining above today's breakout zone • Follow-through buying in the next session • Whether the broader auto/tyre sector confirms the move A positive brokerage trigger can create momentum, but price action + volume confirmation remain critical before chasing a sharp move.

#StockInNews
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