Apollo Tyres’ margin upside looks capped, to weigh on stock

India demand remains resilient on lower GST rates and improving exports, but weak Europe volumes and sponsorship costs are clouding the near-term margin outlook.

Apollo Tyres’ margin upside looks capped, to weigh on stock
India demand remains resilient on lower GST rates and improving exports, but weak Europe volumes and sponsorship costs are clouding the near-term margin outlook.

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