Apollo Tyres fell 0.66% to Rs 234.50 at 9:20 IST on BSE after consolidated net profit rose 17.52% to Rs 257.94 crore on 3.46% fall in total income from operations (net) to Rs 3315.24 crore in Q2 September 2014 over Q2 September 2013.
The result was announced after market hours on Monday, 10 November 2014.
Meanwhile, the BSE Sensex was up 50.60 points, or 0.18%, to 27.925.33.
On BSE, so far 48,000 shares were traded in the counter, compared with an average volume of 6.55 lakh shares in the past one quarter.
The stock hit a high of Rs 239.70 and a low of Rs 233.60 so far during the day. The stock hit a record high of Rs 240.50 on 10 November 2014. The stock hit a 52-week low of Rs 69.05 on 12 November 2013.
The stock had outperformed the market over the past one month till 10 November 2014, rising 7.32% compared with 6% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 40.97% as against Sensex's 10.05% rise.
The large-cap company has an equity capital of Rs 50.90 crore. Face value per share is Re 1.
Apollo Tyres manufactures tyres and tubes for cars, trucks, farm equipment and light commercial vehicles. The company also manufactures automobile flaps and retreading materials.
Powered by Capital Market - Live News
