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Apollo Tyres Ltd sees continued selling pressure

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Capital Market

Apollo Tyres Ltd is quoting at Rs 150.85, down 0.33% on the day as on 13:24 IST on the NSE. The stock tumbled 27.86% in last one year as compared to a 12.77% rally in NIFTY and a 5.44% fall in the Nifty Auto index.

Apollo Tyres Ltd dropped for a fifth straight session today. The stock is quoting at Rs 150.85, down 0.33% on the day as on 13:24 IST on the NSE. The benchmark NIFTY is up around 0.95% on the day, quoting at 12105.9. The Sensex is at 41254.94, up 0.88%.Apollo Tyres Ltd has lost around 13.3% in last one month.Meanwhile, Nifty Auto index of which Apollo Tyres Ltd is a constituent, has eased around 8.06% in last one month and is currently quoting at 7692.3, down 0.16% on the day. The volume in the stock stood at 28.76 lakh shares today, compared to the daily average of 26.85 lakh shares in last one month.

 

The benchmark February futures contract for the stock is quoting at Rs 151.2, down 0.56% on the day. Apollo Tyres Ltd tumbled 27.86% in last one year as compared to a 12.77% rally in NIFTY and a 5.44% fall in the Nifty Auto index.

The PE of the stock is 15.39 based on TTM earnings ending December 19.

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First Published: Feb 19 2020 | 1:35 PM IST

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