Apollo Tyres: Potential Upside Ahead

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Apollo Tyres is currently in a promising range, indicating potential for an uptrend following a prolonged consolidation phase. The upcoming monsoon season could act as a catalyst for this movement. Despite recent quarterly results not meeting expectations, the stock maintains a solid book value of over ₹200 crore. Observers might anticipate an upside move, with prospects of improved performance in the next quarterly results.