Apollo Tyres gains on launching new products in truck-bus radial tyres category

Apollo Tyres is currently trading at Rs. 217.50, up by 2.15 points or 1.00% from its previous closing of Rs. 215.35 on the BSE.

The scrip opened at Rs. 214.00 and has touched a high and low of Rs. 218.00 and Rs. 214.00 respectively. So far 40,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 220.00 on 15-Sep-2016 and a 52 week low of Rs. 127.95 on 20-Jan-2016.

Last one week high and low of the scrip stood at Rs. 220.00 and Rs. 202.05 respectively. The current market cap of the company is Rs. 11,071.29 crore.

The promoters holding in the company stood at 44.15%, while Institutions and Non-Institutions held 41.41% and 14.44% respectively.

Apollo Tyres, one of India’s leading tyre makers, has launched new products in truck-bus radial tyres category on September 14, 2016. The company has launched the products Apollo EnduRace RD HD, Apollo EnduMile LHD and Apollo EnduComfort CA in the domestic market.

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.