Apollo Tyres nearly 4% on Rs 2,000 crore capex plan
03/07/2014 11:20
Shares of Apollo Tyres rose nearly 4 per cent in early trade on Bombay Stock Exchange (BSE) after the company said its board has approved a proposal to invest $340 million (around Rs 2,025 crore) to upgrade its manufacturing facilities at Chennai and Kalamassery (Kerala). The shares of company rose as much as 3.65 per cent to trade at Rs 211.70 a piece on the BSE. However, shares of the company rose 3.94 per cent to 212.45 a piece on National Stock Exchange. Meanwhile, the broader benchmark Sensex was quoting at 25,928.26, up 87.05 points or 0.34 per cent at 11.05 hours.
03/07/2014 11:20
Shares of Apollo Tyres rose nearly 4 per cent in early trade on Bombay Stock Exchange (BSE) after the company said its board has approved a proposal to invest $340 million (around Rs 2,025 crore) to upgrade its manufacturing facilities at Chennai and Kalamassery (Kerala). The shares of company rose as much as 3.65 per cent to trade at Rs 211.70 a piece on the BSE. However, shares of the company rose 3.94 per cent to 212.45 a piece on National Stock Exchange. Meanwhile, the broader benchmark Sensex was quoting at 25,928.26, up 87.05 points or 0.34 per cent at 11.05 hours.
