Apollo Tyres Ltd (APLO.NS)
28 Feb 2015
** Shares in India's Apollo Tyres Ltd plunges 16 pct to their lowest since Sept. 1
Reuters Market Eye - Apollo Tyres gains 3.2 pct, JK Tyre and Industries rises 4.6 pct and Ceat Ltd gains 7.6 percent.
Reuters Market Eye - Apollo Tyres gains 2.3 percent ahead of Sept-quarter earnings later in the day.
* Apollo Tyres gains 2.3 pct ahead of Sept-quarter earnings later in the day. * Company's earnings may beat consensus mean estimates by 2 percent - Thomson Reuters StarMine. * Consensus mean estimate is 2.67 billion rupees ($43.45 million), according to StarMine. (1 US dollar = 61.4550 Indian rupee) (email@example.com / firstname.lastname@example.org)
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. (email@example.com
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.