Apollo Tyres trades higher on the BSE
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Apollo Tyres is currently trading at Rs. 278.90, up by 5.20 points or 1.90% from its previous closing of Rs. 273.70 on the BSE.
The scrip opened at Rs. 273.15 and has touched a high and low of Rs. 279.45 and Rs. 273.15 respectively. So far 359481 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 279.75 on 09-Sep-2022 and a 52 week low of Rs. 165.40 on 07-Mar-2022.
Last one week high and low of the scrip stood at Rs. 279.75 and Rs. 252.90 respectively. The current market cap of the company is Rs. 17643.10 crore.
The promoters holding in the company stood at 37.34%, while Institutions and Non-Institutions held 39.74% and 22.91% respectively.
Apollo Tyres has become the first company to be awarded with 5 stars for its Apollo brand of light truck radials. Multiple SKUs of 16-inch Apollo Endurace RA and LD have received the 5-star ratings from the Bureau of Energy Efficiency (BEE), while few of them have also received 4-star ratings.
Apollo Tyres pioneered the technology for light truck tubeless tyres a decade or so back, and simultaneously also developed tube type all steel radial tyres for light commercial vehicles, based on market requirements. Considering the growing pace of infrastructure development and subsequent requirements in high-speed applications, these radial tyres overcome the limitations of bias tyres in terms of mileage, durability and tyre life.
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.
