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Apollo Tyres strengthens on the bourses

17 Sep 2018 Evaluate

Apollo Tyres is currently trading at Rs. 242.65, up by 1.35 points or 0.56% from its previous closing of Rs. 241.30 on the BSE.

The scrip opened at Rs. 241.50 and has touched a high and low of Rs. 243.30 and Rs. 236.55 respectively. So far 58868 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 307.15 on 17-Apr-2018 and a 52 week low of Rs. 225.90 on 12-Sep-2018.

Last one week high and low of the scrip stood at Rs. 250.80 and Rs. 225.90 respectively. The current market cap of the company is Rs. 13840.75 crore.

The promoters holding in the company stood at 40.39%, while Institutions and Non-Institutions held 45.77% and 13.83% respectively.

Apollo Tyres’ Promoter -- PTL Enterprises has acquired 2,25,000 shares of the company through market purchases on September 12, 2018. The promoter group entity has bought equity shares for an amount of around Rs 5.19 crore. Its stake in the company has increased from 20,80,000 equity shares (0.36%) to 23,05,000 equity shares (0.40%).

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.

Peers
Company Name CMP
MRF 125528.60
Apollo Tyres 411.80
JK Tyres & Inds. 349.55
Ceat 3468.20
Balkrishna Inds. 2267.75
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