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Apollo Tyres is currently trading at Rs 213.70, up by 9.45 points or 4.63% from its previous closing of Rs 204.25 on the BSE.
The scrip opened at Rs 206.55 and has touched a high and low of Rs 213.70 and Rs 206.55 respectively. So far 40082 shares were traded on the counter.
The BSE group 'A' stock of face value Rs 1 has touched a 52 week high of Rs 213.25 on 13-Jun-2014 and a 52 week low of Rs. 58.55 on 03-Jul-2013.
Last one week high and low of the scrip stood at Rs 207.35 and Rs 193.15 respectively. The current market cap of the company is Rs 10396.83 crore.
The promoters holding in the company stood at 43.50% while Institutions and Non-Institutions held 42.36% and 14.14% respectively.
Apollo Tyres has received an approval for expansion of the Truck & Bus radial tyre capacity at the Chennai plant from the present 6,000 tyres per day to 8,900 tyres per day and conversion of the company’s leased operations at Kalamassery plant from bias truck tyres to speciality/industrial tyres involving capex of $340 million.
The board of directors at its meeting held on July 02, 2014, has approved for the same. The board also approved to increase in the limit of investments by FIIs from 40% to 45% in the equity share capital of the company.
Apollo Tyres produces the entire range of automotive tyres for ultra and high speed passenger cars, truck and bus, farm, off-the-road, industrial and specialty applications like mining, retreaded tyres and retreading material. These are produced across Apollo’s eight manufacturing locations in India, Netherlands and Southern Africa.
| Company Name | CMP |
|---|---|
| MRF | 129700.00 |
| Apollo Tyres | 483.00 |
| CEAT | 2369.80 |
| Balkrishna Inds. | 3051.90 |
| JK Tyres & Inds. | 404.30 |
| View more.. | |
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MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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