Apollo Tyres catches speed on launching Apollo EnduTuff Mining, Apollo Terra MT

Apollo Tyres is currently trading at Rs. 277.75, up by 7.00 points or 2.59% from its previous closing of Rs. 270.75 on the BSE.

Apollo Tyres
Apollo Tyres

The scrip opened at Rs. 270.05 and has touched a high and low of Rs. 278.20 and Rs. 268.15 respectively. So far 131429 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 303.40 on 16-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. 282.90 and Rs. 267.35 respectively. The current market cap of the company is Rs. 17633.58 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 revamped its offering for the mining segment in India. The company has introduced Apollo EnduTuff Mining, an exclusive mining radial tyres, and Apollo Terra MT, a bias tyres.

Apollo EnduTuff Mining, with its superior performance qualities, reduces the downtime for customers, and enhances their savings. Apollo EnduTuff Mining presents a CPKM advantage of over 40% with superior life, puncture resistance, higher uptime along with the most durable casing and hence multiple retreads. These tyres are suited for mining applications where there is limited exposure to extremely rough terrains.

Apollo Terra MT, is a bias tyre for the mining segment of commercial vehicles. The company has developed these tyres basis the inputs received from customers related to casing durability. Apollo Terra MT offers puncture resistance, resistance to chipping and chunking, higher initial tread mileage (ITM) and best in class retreadability.

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.

Leave a Comment