Apollo Tyres Ltd. Q1 Results; Net Loss At Rs. 135 Cr:
To begin with, Apollo Tyres Ltd. announced, its net loss of Rs. 135 Cr on August 9th. While the company also posted its consolidated net loss of Rs. 142 Cr in the same quarter last year.
Besides, the company’s total revenue stood at Rs. 2,828 Cr in this quarter ended on 30th June. The company also posted its revenue of Rs. 4,272 Cr in the same quarter last year.
Furthermore, the company was performing better than the industry in Europe. Kanwar has reported, which is likely to continue going forward as well.
Apollo Tyres Limited shares traded with a gain of 7.35 points reached 122.85 INR with 6.36% up. Its previous close at 115.50 INR. The company shares traded on the National Stock Exchange.
Stock Market Update:
Stock Market August 7th: On Friday, both Sensex and Nifty seem to trade in a bullish trend in the stock market. The Sensex stood traded gain with 38,040.57 levels and Nifty stood traded gain with 11,214.05 levels. The Sensex raised 15.21 points with a 0.040% gain. Besides, Nifty has raised 13.90 points with a 0.12% gain.
On the other hand, the number of confirmed or coronavirus cases in India reached 21,53,010 as of August 9th, and deaths reached 43,453.
In the border market, the S&P BSE Midcap index reported a bullish trend in the stock market on 7th August. It raised 202.02 points with a 1.44% gain and reached a 14,218.87 level. The S&P BSE Smallcap index raised 106.46 points with a 0.78% gain and reached a 13,668.69 level. However, the Nifty Bank raised 111.40 points with a 0.51% gain and reached a 21,754.00 level.