Apollo Tyres Ltd., incorporated in the year 1972, is a Mid Cap company (having a market cap of Rs 14470.78 Crore) operating in Tyres sector.
Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 5087.57 Crore, down -2.49 % from last quarter Total Income of Rs 5217.42 Crore and up 41.02 % from last year same quarter Total Income of Rs 3607.74 Crore. Company reported net profit after tax of Rs 287.25 Crore in latest quarter.
Investment Rationale
Price rebound after talking support at 50 day EMA and higher high on daily charts.
Promoter/FII Holdings
Promoters held 40.90 per cent stake in the company as of March 31, 2020, while FIIs held 22.89 per cent, DIIs 18.81 and public and others 17.4 per cent.
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