Apollo Tyres stock price is up 7 percent on Monday. The stock's return for the month is flat while on an annual basis, the tyre stock has corrected 24 percent and from the 52-week highs, it is down 37 percent. There are a lot of midcaps, which are bouncing back today. So it is essentially a catch up of the underperformance. It has underperformed its peers in this rally and perhaps valuations on its side.
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