Apollo Tyres Ltd is up for a third straight session in a row. The stock is quoting at Rs 249.35, up 1.38% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.14% on the day, quoting at 11553.15. The Sensex is at 38255.45, up 0.03%. Apollo Tyres Ltd has dropped around 8.51% in last one month.

Meanwhile, Nifty Auto index of which Apollo Tyres Ltd is a constituent, has dropped around 1.17% in last one month and is currently quoting at 10798.55, up 1.38% on the day. The volume in the stock stood at 12.27 lakh shares today, compared to the daily average of 32.55 lakh shares in last one month.

The benchmark September futures contract for the stock is quoting at Rs 251, up 1.72% on the day. Apollo Tyres Ltd is down 1.21% in last one year as compared to a 16.29% gain in NIFTY and a 1.56% gain in the Nifty Auto index.

The PE of the stock is 18.23 based on TTM earnings ending June 18.

Powered by Capital Market - Live News

Apollo Tyres announced that production at plants located at Perambra and Kalamassery is near normalcy. On 20 August 2018, the company had informed the disruption of production operations due to floods in Kerala. The production was disrupted as many employees couldn't reach the plants.

There is no damage to equipment or property, and the company's employees are safe and secure. The production loss due to this natural calamity is 3000 MT (approximately). However, consequential loss of profit is not significant.

The production loss due to natural calamity is adequately covered under the Insurance Policy of the Company.

Powered by Capital Market - Live News

Net profit of Apollo Tyres rose 185.21% to Rs 251.84 crore in the quarter ended June 2018 as against Rs 88.30 crore during the previous quarter ended June 2017. Sales rose 30.43% to Rs 4249.40 crore in the quarter ended June 2018 as against Rs 3258.09 crore during the previous quarter ended June 2017.

Powered by Capital Market - Live News

Net profit of Apollo Tyres rose 223.07% to Rs 216.88 crore in the quarter ended June 2018 as against Rs 67.13 crore during the previous quarter ended June 2017. Sales rose 32.27% to Rs 3021.15 crore in the quarter ended June 2018 as against Rs 2284.08 crore during the previous quarter ended June 2017.

Powered by Capital Market - Live News