 "Apollo tyres")
Shares of Apollo Tyres fell as much as 4.14 per cent to Rs 111 on the BSE on Thursday after the company reported a consolidated net loss of Rs 135 crore for the first quarter ended June 30, hit by lower sales due to coronavirus pandemic.
The tyre maker had reported a net profit of Rs 142 crore in the April-June last fiscal.
Net sales during the quarter under review declined to Rs 2,828 crore, from Rs 4,272 crore in the year-ago period, Apollo Tyres said in a statement. READ MORE
"While the first half of the first quarter was almost
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