Trending stocks: Apollo Tyres shares gain nearly 3%

NEW DELHI: Shares of Apollo Tyres Ltd. traded 2.81 per cent up in Wednesday's trade at 12:30PM (IST). Around 466,006 shares changed hands on the counter.

The stock opened at Rs 112.45 and touched an intraday high and low of Rs 114.8 and Rs 110.5, respectively, in the session so far. Shares of the company of Apollo Tyres Ltd. quoted a 52-week high of Rs 196.7 and a 52-week low of Rs 73.55.

Total market cap of the Apollo Tyres Ltd. stood at Rs 6487.05 crore at the time of writing this report.


Key Financials
The company reported consolidated net sales of Rs 3551.22 crore for the quarter ended 31-Mar-2020, down 18.31 per cent from previous quarter's Rs 4347.16 crore and down 14.97 per cent from the year-ago quarter's Rs 4176.26 crore.

The net profit for latest quarter stood at Rs 77.864 crore, down 7.3 per cent from the corresponding quarter last year.

Shareholding pattern
As of 30-Jun-2020, DIIs held 17.17 per cent stake in the company, while foreign institutional investors held 19.69 per cent and the promoters 41.19 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 13.62 and a price-to-book ratio of 0.65. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Apollo Tyres Ltd. belongs to the Tyres & Tubes industry.