Apollo Tyres is currently trading at Rs. 113.60, up by 1.30 points or 1.16% from its previous closing of Rs. 112.30 on the BSE.
The scrip opened at Rs. 114.30 and has touched a high and low of Rs. 114.95 and Rs. 113.05 respectively. So far 107999 shares were traded on the counter.
The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 205.00 on 28-Jun-2019 and a 52 week low of Rs. 73.55 on 24-Mar-2020.
Last one week high and low of the scrip stood at Rs. 114.95 and Rs. 107.10 respectively. The current market cap of the company is Rs. 6487.05 crore.
The promoters holding in the company stood at 40.90%, while Institutions and Non-Institutions held 41.70% and 17.40% respectively.
Apollo Tyres has commissioned its Andhra Pradesh greenfield facility in the southern part of the country. It is 7th manufacturing unit globally, and the 5th in India. This facility of the company is spread over 256 acres. The company will invest close to Rs 3800 crore in the Phase I of this greenfield facility. While the capacity will be ramped up gradually in the next 12 – 18 months, as the demand improves, by 2022, this plant will have a capacity to produce 15,000 passenger car tyres and 3,000 truck-bus radials per day. With a modular layout, the capacity at this facility can be replicated with minimal engineering efforts and with economies on investments.
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.
