Apollo Tyres is currently trading at Rs. 205.00, up by 2.05 points or 1.01% from its previous closing of Rs. 202.95 on the BSE.
The scrip opened at Rs. 204.90 and has touched a high and low of Rs. 205.85 and Rs. 199.25 respectively. So far 489811 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 235.00 on 06-Oct-2016 and a 52 week low of Rs. 139.35 on 24-Jun-2016.
Last one week high and low of the scrip stood at Rs. 206.80 and Rs. 186.90 respectively. The current market cap of the company is Rs. 10409.56 crore.
The promoters holding in the company stood at 44.15%, while Institutions and Non-Institutions held 41.94% and 13.91% respectively.
Apollo Tyres, which has entered into an agreement with the Andhra Pradesh (AP) government for a greenfield manufacturing plant, will get a host of concessions, including VAT/CST/SGST and power tariff rebate. The tyre major is expected to invest about Rs 525 crore on the plant in the phase one.
The State Investment Promotion Board (SIPB) has approved reimbursement of 100% VAT/CST/SGST for 20 years from the date of commencement of commercial production or up to realisation of 50 per cent of fixed capital investment, whichever is earlier.
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.