Apollo Tyres rises on getting nod to re-start production at Kerala plant

Apollo Tyres is currently trading at Rs. 216.40, up by 2.40 points or 1.12% from its previous closing of Rs. 214.00 on the BSE.

The scrip opened at Rs. 216.80 and has touched a high and low of Rs. 216.80 and Rs. 214.65 respectively. So far 24910 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 261.20 on 04-Mar-2021 and a 52 week low of Rs. 89.90 on 22-May-2020.

Last one week high and low of the scrip stood at Rs. 218.50 and Rs. 206.60 respectively. The current market cap of the company is Rs. 13591.16 crore.

The promoters holding in the company stood at 37.31%, while Institutions and Non-Institutions held 37.38% and 25.30% respectively.

Apollo Tyres has received permission from the authorities to re-start operations at its manufacturing plant at Perambra in Kerala from May 21, 2021. Accordingly, the operations of the plant shall be resumed by adhering to the standard operating procedures/ guidelines for industrial units as prescribed by the authorities.

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.