Apollo Tyres catches speed on partnering with Tyromer

Apollo Tyres is currently trading at Rs. 293.40, up by 11.40 points or 4.04% from its previous closing of Rs. 282.00 on the BSE.

Apollo Tyres
Apollo Tyres

The scrip opened at Rs. 282.70 and has touched a high and low of Rs. 294.25 and Rs. 282.70 respectively. So far 174665 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 303.40 on 15-Nov-2022 and a 52 week low of Rs. 165.40 on 07-Mar-2022.

Last one week high and low of the scrip stood at Rs. 294.25 and Rs. 272.75 respectively. The current market cap of the company is Rs. 18481.44 crore.

The promoters holding in the company stood at 37.34%, while Institutions and Non-Institutions held 41.20% and 21.46% respectively.

Taking forward its commitment to Sustainability, Apollo Tyres has partnered with Tyromer Inc, a leader in non-chemical devulcanisation of end-of-life tyres.

Tyromer Inc, through their Indian associate, Tyromer India LLP, is committed to supplying recycled rubber material, produced using its environmentally sustainable processes, to Apollo Tyres.

Apollo Tyres and Tyromer share a deep commitment to sustainability and social responsibility.

This partnership has validated tyre-derived polymer (TDP), produced by Tyromer’s proprietary and patented technology, as the raw material for tyres.

Apollo Tyres is one of the leading tyre manufacturers in India with its product portfolio spread across tubeless and tube type tyres for cars, suvs, trucks, buses etc.

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