Apollo Tyres hits 52-week high on US court ruling; more upside seen_Apollo Tyres hits 52-week high on US court ruling; more upside seen

Apollo Tyres hits 52-week high on US court ruling; more upside seen

May 29, 2024

ET Online

Mumbai:Apollo Tyres Plate rose more than 5% to touch a new 52% weekly high after a US court in Delaware ruled in favor of Cooper Tire & Rubber Co.

Delaware County Judge Sam Glasscock said in his ruling that Cooper failed to fulfill its contractual obligations because Cooper lost control of its largest subsidiary.

Apollo Tires is giving Stock “This ruling vindicates the company’s long-standing position that Apollo made every effort to complete the transaction,” a statement said

In December 2013, Goodyear Tire & Rubber Company and Apollo Tyres completed a merger agreement worth $2.51 billion.

Analysts say the stock has more room to rise after today’s 5% gain.

miteshthacker.com Technical analyst Mitesh Thacker This means the stock has spiked.

“On intraday fall, buy till Rs 223.50-224 keep the stop loss at 219 Below Rs and look for a target of Rs 235,” he told ET Now.

Sandepp Wagle, Founder and CEO of Power My Wealth Sandepp, recommended buying the stock with a stop loss of 221 and a target of Rs 236 Rs.

Recommended Suppliers

TDDCHEM SINGAPORE PTE.LTD（cnauto）

Retailer

CN Supplier

1 YRS

Main Products:

Titanium dioxide, pigments, fillers, alcohols

Established:

2024-09-13

Company Size:

10000

Contact Supplier

Geely Jiyue 01 Max

LEADING IDEAL L9

Shandong Tuduoduo Digital Technology Co., Ltd

Retailer

CN Supplier

1 YRS

Main Products:

Titanium dioxide, pigments, fillers, alcohols

Established:

2024-08-09

Company Size:

10000

Contact Supplier

Wheel excavator

chengdutuduoduo

Retailer

CN Supplier

1 YRS

Main Products:

Whole vehicle, used car

Established:

2024-08-01

Company Size:

10000

Contact Supplier

Great Wall Artillery 2.0T

Peugeot 301 1.6L

Radar RD6 Pure electricity

Nissan Qijun 2.5L

TDD (QINGDAO ) CROSS-BORDER E-COMMERCE CO.,LTD.

Retailer

CN Supplier

2 YRS

Main Products:

Auto parts、Rubber tyre、Finished car

Established:

2023-01-01

Company Size:

10000

Hebei Mengwang Automotive Technology Co., Ltd

Retailer

CN Supplier

3 YRS

Main Products:

Air filter、Lubricating oil

Established:

2022-09-07

Company Size:

SMEs

Contact Supplier

Hebei Jinlitong Auto Parts Co., Ltd

Retailer

CN Supplier

17 YRS

Main Products:

Production of starters, generators, engines, cages and related equipment accessories for mini vehicles, cars, agricultural vehicles and diesel vehicles; and import and export business of self-operated products

Established:

2008-10-24

Company Size:

Miniature

Contact Supplier

QUANZHOU JUNHUA MACHINERY CO.,LTD

Manufacturer/Factory

CN Supplier

7 YRS

Main Products:

excavator and bulldozer undercarriage part(track roller,carrier roller,idler,sprocket/segment,track link)

Established:

2018-05-22

Company Size:

5000 square meters

Contact Supplier

undercarriage part for Catpillar D8N D8R track roller single flange 7T9188 246-0775

spare parts undercarriage parts track roller double flange D8N D8R D8L D8T

undercarriage part for Catpillar D8N D8R track roller single flange 7T9188 246-0775

track roller double flange undercarriage part D8R D8N D8T D8L 9W8705 196-9947

Shanghai Lianteng Industrial Co., LTD

Retailer

CN Supplier

17 YRS

Main Products:

Auto parts wholesale; Auto parts retail; Machinery and equipment sales; Sales of electronic components and electromechanical components; Sales of electronic products

Established:

2008-10-22

Company Size:

Minor

Contact Supplier

Yiwei New Energy Technology(Chengdu)Co.,Ltd

Retailer

CN Supplier

3 YRS

Main Products:

New Vehicle, Used Vehicle, Electric Vehicle, Gasoline Vehicle

Established:

2022-06-24

Company Size:

20-50人

Contact Supplier

Zeekr 001 YOU Spec 100kWh All-Wheel Drive

BMW iX1 2024Model eDrive25L M Sport Pack

BYD Song Plus EV 2025Model 605km Flagship Edition

Geely Jiyue 01 Max

Zhongqi Huizhong Auto Parts Co., LTD

Retailer

CN Supplier

8 YRS

Main Products:

Auto parts and accessories manufacturing; Production and sales of engine parts, automotive supplies and automotive lubricants，Car modification; Automotive technology development

Established:

2017-09-26

Company Size:

大型

Hot Information

Tesla Autopilot and similar automated driving systems get ‘poor’ rating from prominent safety group

April 1, 2024