Apollo Tyres is currently trading at Rs. 286.25, up by 2.45 points or 0.86% from its previous closing of Rs. 283.80 on the BSE.
The scrip opened at Rs. 283.05 and has touched a high and low of Rs. 288.65 and Rs. 280.85 respectively. So far 1,28,000 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 288.65 on 09-Jan-2018 and a 52 week low of Rs. 171.60 on 16-Feb-2017.
Last one week high and low of the scrip stood at Rs. 288.65 and Rs. 268.00 respectively. The current market cap of the company is Rs. 16,374.00 crore.
The promoters holding in the company stood at 44.15%, while Institutions and Non-Institutions held 39.79% and 16.06% respectively.
Apollo Tyres is planning to set up of new state-of-the-art manufacturing facility at Andhra Pradesh. The capacity of passenger vehicle tyres in the proposed plant will be 5.5 million tyres p.a. in the first phase.
The first tyre roll out is expected to happen in approximately 2 years from the start of construction. The company will invest Rs 1800 crore in the first phase which will provide direct jobs to nearly 700 people. Moreover, the company will fund the same by a mix of internal accruals and raised capital (Debt and/ or Equity).
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.
