Apollo Tyres

Fast to fall Slow to rise Apollo Tyre

Posted by : bansishende
Price when posted : BSE: Rs 51.75 ( -2.08 % ), NSE: Rs. 51.70 ( -1.80 % )

Given the last few days of media boost to Apollo Tyres one got an impression that Apollo tyres would hold in even a falling market . However today it has fallen fast but is not recovering as fast .Has market lost interest or was it just some hype?...

Apollo Tyres mulls Rs 1,000 cr investment for IT park in Kerala

Posted by : sunny9
Price when posted : BSE: Rs 52.95 ( -2.13 % ), NSE: Rs. 52.85 ( -2.31 % )

Why is falling for the past two days......

Apollo Tyres mulls Rs 1,000 cr investment for IT park in Kerala

Posted by : sudhi_shiva
Price when posted : BSE: Rs 51.25 ( -1.63 % ), NSE: Rs. 51.40 ( -1.44 % )

Apollo Tyres have short-term target of 65+. Its a wonderful fastest growing company!

Happy Investing!...

Apollo Tyres mulls Rs 1,000 cr investment for IT park in Kerala

Posted by : stocktobuy
Price when posted : BSE: Rs 53.95 ( 3.65 % ), NSE: Rs. 54.30 ( 3.82 % )

KOCHI: Apollo Tyres was planning to invest about Rs 1,000 crore for setting up an IT park and a hotel complex in Kerala, Apollo Group Chairman Onkar
S Kanwar today said.

There were plans to set up a five star hotel and IT park at the 30 acres land at nearby Kalamassery where it has a tyre unit, Kanwar told reporters here.

The company had decided to shift the unit to the Rubber Park at nearby Irapuram. But due to strong objection from the trade unions, it had been held up.

Kanwar said the unions have more or less agreed for shifting the factory.

Apollo Tyres is planning to double the capacity of the unit from 100 tonnes per day to 200 tonnes per day after it was shifted to the rubber park.

On the company`s revenues, Kanwar said from the India operations, the total business revenue was Rs 4,100 crore and it was expected to grow to Rs 6,000 core by 2011 fiscal.

Apollo`s 60 per cent turnover was from Indian operations and the target was to raise it to 70 per cent, he said.

A Rs 2,000 crore new plant was coming up in Tamil Nadu and it was expected to be completed in another 11 months time where truck and bus radial tyres would be manufactured.

The company was planning to put in Rs 100 crore investment in its Perambra unit.

Thirtyfive per cent of the total tyre production was from Kerala. The company had invested about Rs 300 crore in the last two years for production, he said. ...

Invest on correction.

Posted by : Dr. Shastri
Price when posted : BSE: Rs 52.10 ( 9.00 % ), NSE: Rs. 52.50 ( 9.38 % )

See how this flared....

It is looking good

Posted by : vivek2066
Price when posted : BSE: Rs 47.75 ( -5.35 % ), NSE: Rs. 48.00 ( -5.51 % )

I do agree with you...

It is looking good

Posted by : Guest
Price when posted : BSE: Rs 47.45 ( -5.95 % ), NSE: Rs. 48.50 ( -4.53 % )

the downward target would be around 40/41 but i donot see it to go there until market crashes.it may touch soon 57/58 if market moves upward at the level of 5000....

It is looking good

Posted by : nacent
Price when posted : BSE: Rs 50.35 ( -0.20 % ), NSE: Rs. 50.30 ( -0.98 % )

What its target for month of December?...

It is looking good

Posted by : guest1982
Price when posted : BSE: Rs 49.10 ( -2.68 % ), NSE: Rs. 49.85 ( -1.87 % )

what is the downward target now ?...

Buy & Buy

Posted by : Guest
Price when posted : BSE: Rs 50.45 ( -4.72 % ), NSE: Rs. 50.80 ( -5.14 % )

This is stock is best pick as on today...short time target is Rs. 70....

It is looking good

Posted by : kewjak
Price when posted : BSE: Rs 52.95 ( 0.86 % ), NSE: Rs. 53.55 ( 1.90 % )

The last target is Rs.65....

Apollo tyres aims 50% higher revenues in 2010

Posted by : demouser
Price when posted : BSE: Rs 52.50 ( 0.57 % ), NSE: Rs. 52.55 ( 0.67 % )

Apollo Tyres Ltd said on Tuesday that it is aiming at 50% higher revenues for the year ending March’10 over Rs 5,000 crore clocked during the
previous fiscal, largely due to contributions from recently acquired European subsidiary Vredestein Banden BV.

In its latest quarter ended September, the firm posted a sharp jump in profits to Rs 129.2 crore, compared to Rs 15.1 crore in the year ago period, partly due to earnings from Vredestein and its South African subsidiary Dunlop Tyres.

Its consolidated revenues also jumped over 60% to Rs 2,046 crore in the September quarter, against Rs 1,262 crore in the same period last fiscal. The company refused to disclose revenues separately coming from its two subsidiaries. Vredestein was acquired by Apollo on May 15 this year and started contributing to consolidated results from the same day.

Shares of Apollo Tyres closed at Rs 54.55 on the Bombay Stock Exchange, up 5.11% from the previous close.

“Our volumes grew 25% in the July-Sept period with strong demand coming from domestic market for truck, bus and passenger cars. Besides, better utilization of our plants and the lower interest costs also abetted higher profits,” said Neeraj Kanwar, managing director of Apollo Tyres.

The company has also increased prices of all tyres by 3% early this month which would help it improve margins in the coming quarters. It is also banking on its new tyre manufacturing unit in Chennai with a capacity of 4,500 tonnes per day that will start commercial operations by the end of the current calendar year.

Source : EconomicTimes...

Invest on correction.

Posted by : Dr. Shastri
Price when posted : BSE: Rs 52.50 ( 0.57 % ), NSE: Rs. 52.55 ( 0.67 % )

Apollo tyres is a good investment pic. Invest on correction....

when is 62 gona be achived?

Posted by : amit.gargash
Price when posted : BSE: Rs 52.50 ( 0.57 % ), NSE: Rs. 52.55 ( 0.67 % )

i think it will take atlest 3-5 month...

when is 62+ gona be achived?

Posted by : SunnyDepp
Price when posted : BSE: Rs 52.50 ( 0.57 % ), NSE: Rs. 52.55 ( 0.67 % )

despite phenomenal Q2 numbers this stock is not moving up as one would have expected. surprisingly it is still at 52!

i will be a lil patient and hold it for another quarter... lets see what`s in store ahead....