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Apollo Tyres soars on plan to invest Rs 300 crore in Kerala unit

09 Aug 2012 Evaluate

Apollo Tyres is currently trading at Rs. 82.00, up by 2.55 points or 3.21% from its previous closing of Rs. 79.45 on the BSE.

The scrip opened at Rs. 80.60 and has touched a high and low of Rs. 82.50 and Rs. 80.25 respectively. So far 383910 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 95.00 on 19-Apr-2012 and a 52 week low of Rs. 50.80 on 19-Aug-2011.

Last one week high and low of the scrip stood at Rs. 82.50 and Rs. 78.05 respectively. The current market cap of the company is Rs. 4143.08 crore.

The promoters holding in the company stood at 46.94% while Institutions and Non-Institutions held 35.91% and 17.15% respectively. 

Apollo Tyres, a leading tyre manufacturer is planning to invest Rs 300 crore in its Kalamassery unit in Kerala in the next two years, as it plans to make it an export unit for industrial tyres. The tyre maker also plans to introduce premium Dutch brand of tyres, Vredestein, later this year.

The Kalamassery unit will manufacture industrial tyres to export to Europe, South America and North America. The tyre maker has acquired two companies in South Africa and Europe in the last six years and is also looking for the greenfield projects in Eastern Europe.

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.

Apollo Tyres Share Price

441.50 -3.80 (-0.85%)
20-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
MRF 139281.55
Apollo Tyres 441.50
CEAT 3796.75
Balkrishna Inds. 2284.55
JK Tyres & Inds. 419.15
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