Apollo Tyres Ltd (APLO.NS)
20 Oct 2014
|Market Cap (Mil.):||Rs111,527.30|
|Shares Outstanding (Mil.):||509.02|
Reuters Market Eye - Tyre makers gain as natural rubber prices in the local market are near their lowest levels in five years.
* Indian tyre makers gain as natural rubber prices in the local market are near their lowest levels in five years. * A strong rupee also helps further lower the cost of imports. * Tyre makers source natural rubber from both home and abroad. * Auto sales in September were also robust, spurring share gains, dealers say. * Shares in Apollo Tyres jump as much as 7.6 percent. * JK Tyre and Industries rises as much as 5.6 percent and Ceat Ltd gains as much as 4.9 percent. (firstname.lastname@example.org
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. (email@example.com