Apollo Tyres Ltd (APLO.NS)
30 Sep 2014
|Market Cap (Mil.):||Rs97,681.85|
|Shares Outstanding (Mil.):||509.02|
BRUSSELS - Hungary secured European Union regulatory approval on Monday to grant 95.7 million euros ($123.9 million) in aid to Apollo Tyres to build a tyre plant in the north of the country.
Note: Reuters has not verified this story and does not vouch for its accuracy. (Compiled by Aby Jose Koilparambil in Bangalore)
Reuters Market Eye - Shares of Apollo Tyres jumped 9.1 percent in trade to a record high of 182.90 rupees after the company's January-March earnings beat estimates, helped by an improvement in its European operations.
* Shares of India's Apollo Tyres jumped 9.1 percent to a record high of 182.90 rupees after the company's January-March earnings beat estimates, helped by an improvement in its European operations. * Europe contributed about 39 percent of Apollo's operating profit, up from 33.3 percent a year earlier, as per Reuters calculations. * Profit before tax margin from Europe also increased to 13.3 percent in Jan-March compared with 11.6 percent a year earlier. (firstname.lastname@example.org