Prabhudas Lilladher recommends buying these 3 tyre stocks with upto 25% upside

Prabhudas Lilladher recommends buying these 3 tyre stocks with upto 25% upside

Tyre stocks have been enjoying an upward rally in the past few months. Major players like Apollo Tyres and JK Tyres have enjoyed a surge of nearly 16% on the charts. With the reports of increase in the price of tyres, the stocks from the sector may come under the radar of investors positioning them … Read more

Warburg Pincus exits Apollo Tyres by offloading Rs 1,072 crore worth stake

Warburg Pincus exits Apollo Tyres by offloading Rs 1,072 crore worth stake

Warburg Pincus, through its subsidiary White Iris Investment, has sold its entire stake in Apollo Tyres through block deals on Wednesday. The leading global PE firm offloaded about 3.5% stake or 2.24 crore shares in the transaction at Rs 477.35 apiece, taking the deal value to around Rs 1,072 crore. Marquee funds, including Goldman Sachs, … Read more