Apollo Tyres trades in green on BSE

27 Jan 2014 Evaluate

Apollo Tyres is currently trading at Rs. 109.35, up by 0.65 points or 0.60% from its previous closing of Rs. 108.70 on the BSE.

The scrip opened at Rs. 107.45 and has touched a high and low of Rs. 111.50 and Rs. 105.10 respectively. So far 853752 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 118.70 on 14-Jan-2014 and a 52 week low of Rs. 54.60 on 21-Jun-2013.

Last one week high and low of the scrip stood at Rs. 118.20 and Rs. 108.30 respectively. The current market cap of the company is Rs. 5514.03 crore.

The promoters holding in the company stood at 43.50 % while Institutions and Non-Institutions held 38.15 % and 18.35 % respectively.

Strengthening its product offering further in the Indian market, Apollo has introduced its premium European brand, Vredestein into India.  Vredestein brand, known for its designer and high quality tyres, is entering India with tyre sizes of 15 to 20, primarily catering to the luxury coupes, premium luxury sedans and SUVs, with speeds upto 240 to 300 kph (speed rating of ‘V’ to ‘Y’). This, the company says, would complement the existing product range from Apollo Tyres in the passenger vehicle tyres space.

The tyres being introduced currently, under the Vredestein brand, are Ultrac Sessanta, Ultrac SUV Sessanta, Ultrac Cento and Sportrac 5, all with the signature touch of renowned automobile designer, Giorgetto Giugiaro. Vredestein’s ongoing commitment to excellence has also been ratified by some of the renowned German, Austrian, Dutch and Swiss automotive and touring publications in the recent past, who gave high ratings to these tyres.

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

479.00 15.30 (3.30%)
03-Jun-2024 16:01 View Price Chart
Peers
Company Name CMP
MRF 126930.35
Apollo Tyres 479.00
CEAT 2390.00
Balkrishna Inds. 3048.65
JK Tyres & Inds. 409.35
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