Apollo Tyres Ltd., incorporated in the year 1972, is a Mid Cap company (having a market cap of Rs 14296.12 Crore) operating in Tyres sector.
Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 4624.92 Crore, down -9.09 % from last quarter Total Income of Rs 5087.57 Crore and up 59.46 % from last year same quarter Total Income of Rs 2900.28 Crore. Company reported net profit after tax of Rs 127.78 Crore in latest quarter.
Investment Rationale
After losing ~14% from June month’s peak, the stock swiftly recovered off the support zone. Appearance of large bullish candle ensures immediate floor near 220 and sustenance above for the same could lift the stock towards 245.
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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