May 21, 2014
Stock News for 21st May 2014 ....
Stock News for 21st May 2014 ….
Corporate News
Apollo Tyres
Shares of Apollo Tyres ended almost unchanged to close at Rs. 174. The company announced results, Apollo Tyres net sales for Q4 FY14 on standalone basis rose by 8.7% yoy. While volumes were higher by 6%, realizations rose marginally. Capacity utilization for the Indian operations was flat at 75%. Gross margins improved by 122bps yoy on the back of decline of natural…
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