The stock tanked 3.19 per cent to Rs 148.65 on BSE.
At NSE, shares of the company went down by 3.22 per cent to Rs 148.70.
Apollo Tyres yesterday reported a 20.26 per cent decline in consolidated net profit at Rs 245.16 crore for the fourth quarter, hit by import of Chinese tyres into the country.
The tyre maker had posted a net profit of Rs 307.48 crore for the January-March period of the year ago fiscal.
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