Apollo Tyres is currently trading at Rs. 160.35, up by 3.45 points or 2.20% from its previous closing of Rs. 156.90 on the BSE.
The scrip opened at Rs. 158.50 and has touched a high and low of Rs. 160.65 and Rs. 158.10 respectively. So far 158105 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 223.30 on 05-Aug-2015 and a 52 week low of Rs. 127.95 on 20-Jan-2016.
Last one week high and low of the scrip stood at Rs. 160.65 and Rs. 151.40 respectively. The current market cap of the company is Rs. 8169.85 crore.
The promoters holding in the company stood at 44.15%, while Institutions and Non-Institutions held 41.41% and 14.44% respectively.
Apollo Tyres is reportedly all set to roll out first tyre from its Hungary Greenfield project by first quarter of 2017. With strong cost advantages through the new unit, the company is hoping to take on global giants on their own turf in Europe. With the plant, the company will be able to serve the European market with a larger product portfolio.
The company is engaging with leading OEMs in Europe and will also leverage its Original Equipment Manufacturer (OEM) associations in India. To make an entry in the OEM market, the company has opened a new R&D office in Frankfurt, to be closer to its customers in the region.
Apollo Tyres is one of the leading tyre manufacturers in India with its product portfolio spread across tubeless and tube type tyres for cars, suvs, trucks, buses etc.
