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Apollo Tyres gains on plan to open manufacturing plant in Bangkok

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

22 Apr 2013 Evaluate

Apollo Tyres is currently trading at Rs. 91.50, up by 1.70 points or 1.89% from its previous closing of Rs. 89.80 on the BSE.

The scrip opened at Rs. 89.90 and has touched a high and low of Rs. 92.65 and Rs. 89.90 respectively. So far 77531 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 102.45 on 13-Sep-2012 and a 52 week low of Rs. 73.80 on 20-Jun-2012.

Last one week high and low of the scrip stood at Rs. 90.40 and Rs. 83.10 respectively. The current market cap of the company is Rs. 4631.99 crore.

The promoters holding in the company stood at 43.37% while Institutions and Non-Institutions held 35.39% and 21.24% respectively.

Apollo Tyres is expanding its market reach in Asean (Association for South East Asian Nations), by opening a manufacturing unit in Bangkok on May 2. With this initiative the company aims to increase its sales in the free trade region. The entity is already exporting tyres from India to Indonesia, Thailand and Philippines. However, in order to gain market share overseas the company has to go beyond exports.

Asean trade block includes Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam.

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

445.30 1.55 (0.35%)

17-Apr-2026 16:59 View Price Chart

Peers

Company Name	CMP
MRF	139772.66
Apollo Tyres	445.30
CEAT	3713.55
Balkrishna Inds.	2329.80
JK Tyres & Inds.	428.30
View more..

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Apollo Tyres gains on plan to open manufacturing plant in Bangkok

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