The company plans to set up a subsidiary in Malaysia over the next two years in order to increase its global footprint and garner around 15% of the total revenues from exports.
Apollo Tyres has spurted by nearly 2.5 percent to Rs. 175 on future growth plan.
According to reports, the company plans to set up a subsidiary in Malaysia over the next two years in order to increase its global footprint and garner around 15 per cent of the total revenues from exports.
The stock is now up 1.5 percent at Rs. 174. The counter has seen trades of around 45,000 shares as against the two-week daily average volume of around 289,000 shares on the BSE.
Meanwhile, the Sensex has advanced 128 points to 27,452.
According to reports, the company plans to set up a subsidiary in Malaysia over the next two years in order to increase its global footprint and garner around 15 per cent of the total revenues from exports.
The stock is now up 1.5 percent at Rs. 174. The counter has seen trades of around 45,000 shares as against the two-week daily average volume of around 289,000 shares on the BSE.
Meanwhile, the Sensex has advanced 128 points to 27,452.
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