Apollo Tyres Hikes Bus And Truck Tyre Prices To Offset Raw Material Prices

The tyre stocks have been buzzing on the bourses as the investors are seeking for the impact of Apollo Tyres price hike.

The Apollo Tyres have announced the price hike of around 3% in bus and truck tyres, as reported by the leading business research house. The price hike has incorporated to offset the higher raw materials prices. The cumulative price hikes that took place in the tyres stands around 8-10% in last 6 months.

The Apollo tyres Limited stock has attracted around 21,44,488 shares and traded value of Rs 49.08 Cr as of 1115 hours on Monday. The stock is trading at the crucial volume weighted average price of Rs 228.89 per share.

The other tyre stocks like MRF Limited is trading up by 0.3% at Rs 65678 per share; JK Tyre up by 2.8% at Rs 170.4 per share.

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About Suhani Varma

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