Business Standard

Apollo Tyres skids post Q4 results

The stock declined almost 8% from intra-day high

Related News

Apollo Tyres has slipped 6% to Rs 79.65, declining over 8% from intra-day high level after reporting 18% year-on-year (y-o-y) drop in net profit at Rs 157 crore for the quarter ended March 2012, due to higher raw material and staff cost.

The operating profit margins declined marginally to 11.14% from 11.30% during the quarter under review. Net sales however, grew 18% at Rs 323 crore on y-o-y basis.

Meanwhile, the board of directors of India’s second-biggest tyre producer by tonnage has recommended final dividend @ Re. 0.50 per share, on equity shares of Re 1/- each for the year.

A combined 10.54 million shares have changed hands on the counter so far, against an average sub 3.7 million share that were traded daily in past ten trading days on the NSE and BSE.

Read more on:   
|
|

Read More

Agri Min proposes Rs 170/quintal hike in paddy MSP

In view of rising farm input costs, the Agriculture Ministry has proposed a Rs 170 per quintal increase in the minimum support price (MSP) of paddy ...

Quick Links

 

Market News

Copper up by 0.3% on global cues

Speculators created fresh positions on firm global cues

KNR Constructions gains on order worth Rs 109 crore

The order has been awarded to company's 51:49 joint-venture with Tomar Builders & Contractors Private Limited

Sensex up 100 points led by IT & metal; Nifty holds 8,500

Main gainers on the Sensex are Hindalco, Tata Steel, Infosys, BHEL and ICICI Bank

ICICI Bank joins Rs 2 lakh crore m-cap club

ICICI Bank scrip up 1.9% to Rs 1,766, taking its market value to Rs 2,04,395 crore at 1121 hours, the BSE data shows.

Gold futures up on short-covering

Participants covered-up their short positions even as the metal dropped from three-week high in global markets

Back to Top