Apollo Tyres

Apollo faces hurdles in SA

Apollo faces hurdles in SA If you think that labour unrest is the problem which is unique to India in the past few years, it's better to give it a second though as Apollo tyres has recently said that its two units in South Africa have gone on strike thereby completely disrupting production.

Apart from this issue, the South African Competition Commission has also charged the company with anti-competitive pricing and it has asked the home-grown tyre manufacturer to pay 10 per cent of its turnover as penalty.

Short Term Buy Call For Apollo Tyres

Short Term Buy Call For Apollo TyresStock market analyst Ashwani Gujral has maintained 'buy' rating on Apollo Tyres Ltd stock with short term target of Rs 104.

According to analyst, the interested investors can buy the stock with stop loss of Rs 80.

The stock of the company, on Sep 06, closed at Rs 85.70 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 88.80 and a low of Rs 43 on BSE.

Current EPS & P/E ratio stood at 7.16 and 11.95 respectively.

Buy Apollo Tyres With Target Of Rs 81

Buy Apollo Tyres With Target Of Rs 81Stock market analyst Rahul Mohinder has maintained 'buy' rating on Apollo Tyres Ltd stock to achieve an intraday target of Rs 81.

According to analyst, the interested investors can buy the stock with strict stop loss of Rs 70.

The stock of the company, on Sep 01, closed at Rs 73.63 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 82.55 and a low of Rs 40.95 on BSE.

Current EPS & P/E ratio stood at 7.16 and 11.16 respectively.

Buy Apollo Tyres With Target Of Rs 81

Buy Apollo Tyres With Target Of Rs 81Stock market analyst Salil Sharma has maintained 'buy' rating on Apollo Tyres Ltd stock with target that lies between Rs 74-81.

According to analyst, the interested investors can buy the stock with stop loss of Rs 63.

The stock of the company, on August 18, closed at Rs 69.05 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 82.55 and a low of Rs 39.30 on BSE.

Current EPS & P/E ratio stood at 7.16 and 9.56 respectively.

Apollo Tyres net profit surges to Rs 74.2 crore

Apollo Tyres net profit surges to Rs 74.2 croreLeading tyre manufacturer of the country, Apollo Tyres has announced its first quarter financial results for the fiscal year 2010-11. According to the company, it has managed to register a marginal net profit rise in the quarter under review.

Apollo Tyres has posted flat consolidated net profit of Rs 74.20 crore for the quarter that ended in 30th June, 2010. The company has registered a net profit of Rs 73.82 crore in the similar quarter in the previous year. Apollo Tyres has informed this in a filing at the Bombay Stock Exchange.

Apollo on an expansion spree

Apollo-TyresThe home-grown tyre manufacturer, Apollo Tyres is currently on an expansion spree and the company has recently said that it will be investing Rs 1100 crore this year in its 9 plants in India and abroad.

Apollo Chairman, Onkar S Kanwar recently said that the company is currently looking at various countries for expansion and depending on raw material availability and expansion of market, a decision would be taken. It has been learned that the company is focusing on Asia as a continent for its expansion in the current year.

Apollo Tyres to inject Rs.1, 100 crore in its plants

Apollo Tyres to inject Rs.1, 100 crore in its plants`One of major tyre manufacturers of India, Apollo Tyres announced that it will be investing Rs. 1, 100 crore in nine of its plants in India as well as outside, during this year.

The information was given by one of key officials of the company who said that Apollo is going into the expansion mode.

As per the plans, a capacity addition of 1,450 tons will be done in India while another 200 tone would be added in European and South African plants.

Apollo's Chennai unit begin supplies

ApolloTyresIndia's leading Tyre manufacturer, Apollo Tyres has recently started supplies from its Chennai unit which is manufactured in a record time of 14 months.

As the company shipped the first order from the unit of 500 Acelere tyres for passenger cars to Hyundai Motor India Limited, the company hoisted the Indian flag along with the flag of the company to mark the occasion.

It is to be mentioned here that the new unit is Apollo's 9th manufacturing unit globally and the 4th in India and has been able to begin operations in just a span of four months after it commenced production.

Apollo Tyres eying a deal with Volkswagen in Europe

Apollo Tyres eying a deal with Volkswagen in EuropeRunning hard with an aim to expand its global footprint, the home-grown Apollo Tyres is in talks with Volkswagen to supply tyres to the European unit of the auto major.

Apollo Tyres Managing Director Neeraj Kanwar said that the company has recently inked a deal with the auto major in the Indian market to be a supplier for its products and it is in talks with the company for a similar tie-up in the European markets as well.

Apollo Tyres net profit surges to 129.2 crore

Tech Mahindra registers 44% lower Q2 net profit Apollo Tyres has declared quarter results for the period till 30 September 2009.

During the reporting quarter, company’s net profit on consolidated basis increased to Rs 129.2 crore.

In the like period last year, company’s net profit figure stood at Rs 15.1 crore.

The sources informed that the conglomerate has finalized the acquisition of Dutch tyre manufacturer Vredestein Banden BV during the said quarter, which resulted in increase in its top line and bottom line.

Apollo Tyres Q1 net profit jumps 95%

 Apollo Tyres Q1 net profit jumps 95%Apollo Tyres, leading tyre maker, has reported a substantial jump of 95% in its unaudited net profit for the quarter ended June 30.

During the reporting quarter, the company has recorded unaudited net profit of Rs 94.67 crore. The company has ascribed this robust jump in net profit to its increased efficiency.

Buy Call For Apollo Tyres With Target Of Rs 39-45: Nirmal Bang

Apollo TyresNirmal Bang, one of the leading equity research-cum-broking house, is of the view that investors can buy Apollo Tyres Ltd with a short-term target price of Rs 39-45.

According to experts at Nirmal Bang, huge delivery based volume witnessed in the counter, the stock is in the edge of giving a big breakout above the 35 mark.

The strong support level for the stock has been suggested at Rs 31.

Today (June 18), the shares of the company opened at Rs 32 on BSE. Current EPS & P/E ratio stood at 2.15 and 14.63 respectively. The share price has seen a 52-week high of Rs 41 and a low of Rs 14.75 on BSE.

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