Apollo Tyres is currently trading at Rs. 178.30, up by 1.20 points or 0.68% from its previous closing of Rs. 177.10 on the BSE.
The scrip opened at Rs. 180.00 and has touched a high and low of Rs. 180.00 and Rs. 175.25 respectively. So far 61873 shares were traded on the counter.
The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 244.90 on 20-Dec-2018 and a 52 week low of Rs. 144.05 on 02-Aug-2019.
Last one week high and low of the scrip stood at Rs. 181.65 and Rs. 174.00 respectively. The current market cap of the company is Rs. 10202.51 crore.
The promoters holding in the company stood at 40.90%, while Institutions and Non-Institutions held 42.97% and 16.13% respectively.
Apollo Tyres is planning to further scale up its aftermarket business as it aims to establish a clear leadership in the overall domestic passenger vehicle segment in the next two years. The company, which on September 12, 2019 launched a new tyre range Apterra AT2 for SUVs, already has a leading position in the original equipment (OE) segment with market share ranging 25-30 percent in volume terms and now aims to enhance its market share in the replacement vertical.
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.