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Saregama India, Ceat and Apollo Tyres to see some action today

Apollo Tyres Ltd. | Tyres & Allied | Automobiles | BSE: 500877 | NSE: APOLLOTYRE

31 Jan 2022 Evaluate

Saregama India, a part of RP-Sanjiv Goenka Group, is planning to invest up to Rs 750 crore in its music business to achieve a 25-30 per cent revenue growth in the next few years through organic and inorganic routes. It is also foraying into a new business segment of artiste partner programme to launch their music videos and audios on its platforms with an arrangement of sharing revenue.

Ceat expects its business in Europe to double in the next two-three years, benefitting from a series of antidumping duties being levied on Chinese tyres across the developed world. To further capitalise on this, Ceat also aims to participate in the growing North American market.

Apollo Tyres has taken the first step towards reducing its carbon footprint across its value chain. The company has kicked-off a pilot initiative by deploying Electric Vehicles (EVs) for the delivery of tyres from its regional distribution centre (RDC) to multiple Business Partners in Bengaluru, in the southern part of India.

Satin Creditcare Network (SCNL) has raised Rs 225 crore through preferential allotment of shares. The funds will be used as growth capital to boost the company's position in the lending ecosystem and to accelerate its strategic priorities.

Tech Mahindra has strengthened its partnership with Mahindra Racing to provide EV engineering capabilities and drive digital transformation to enhance performance management. As part of the partnership, Tech Mahindra will leverage a dynamic and unique eRace Track Analytics platform with live analytics, wind tunnel simulations, and AI (Artificial Intelligence) powered systems to develop next-generation green automotive solutions.

Gokaldas Exports has commenced commercial production at a new manufacturing unit situated in Krishnagiri in Tamil Nadu after successfully obtaining licenses and clearances from all the relevant stakeholders. On achievement of full ramp up and productivity, the unit will contribute about 3.5% to company’s current capacity.

Info Edge (India) has reported results for third quarter ended December 31, 2021. The company has reported above 4-fold jump in its net profit at Rs 329.10 crore for the quarter under review as compared to Rs 69.87 crore for the same quarter in the previous year. Total income of the company increased by 46.71% at Rs 445.83 crore for Q3FY22 as compared Rs 303.88 crore for the corresponding quarter previous year. On the consolidated basis, the company has reported above 6-fold jump in its net profit at Rs 4629.31 crore for the quarter under review as compared to Rs 679.04 crore for the same quarter in the previous year. Total income of the company increased by 71.43% at Rs 533.88 crore for Q3FY22 as compared Rs 311.42 crore for the corresponding quarter previous year.

Apollo Tyres Share Price

432.00 -6.40 (-1.46%)

13-Apr-2026 16:59 View Price Chart

Peers

Company Name	CMP
MRF	134393.41
Apollo Tyres	432.00
CEAT	3570.85
Balkrishna Inds.	2238.10
JK Tyres & Inds.	419.80
View more..

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