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Tremendous rise in Apollo Tires' stock, stock increased by 6 percent after quarterly results
On Tuesday, Apollo Tires announced the results of the second quarter of the current financial year i.e. from July to September. In this announcement, the company talked about its financial performance. In the September quarter, the company's profit increased by more than 2.5 percent to Rs 474.26 crore. Today the company's shares are trading with a rise of 6 percent.
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“Tremendous rise in Apollo Tires' stock, stock increased by 6 percent after quarterly results”
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en.sangritimes.com
8 Nov 2023
Yesterday, Apollo Tires announced its September quarter results. After this announcement, the company's shares have been trading rapidly since this morning's trading session. The company's shares have seen a rise of more than 6 percent.
The stock rose 5.99 percent to Rs 408.40 on BSE. It jumped 6.36 percent to Rs 408.55 on NSE.
Apollo Tires reported more than two and a half times increase in consolidated net profit at Rs 474.26 crore in the September quarter. This is because of high revenues and low raw material costs. The company had posted a net profit of Rs 179.39 crore in the same period last fiscal, Apollo Tires said in a regulatory filing.
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