Meanwhile, the BSE Sensex was up 155.85 points, or 1.61%, to 9845.92.On BSE, 51.60 lakh shares were traded in the counter. The scrip had an average daily volume of 10.39 lakh shares in the past one quarter.The stock hit a high of Rs 20.20 and a low of Rs 18.60 so far during the day. The stock had a 52-week high of Rs 62.90 on 2 January 2008 and a 52-week low of Rs 18.30 on 18 November 2008.
The stock had underperformed the market over the past one month till 12 December 2008, declining 25% as compared to the Sensex's 1.61% rise. It had also underperformed the market in the past one quarter, falling 49.53% as compared to the Sensex's fall of 30.79%.The small-cap automobile tyre maker has an equity capital of Rs 50.40 crore. Face value per share is Rs 1.The current price of Rs 19.80 discounts its Q2 September 2008 annualised EPS of Rs 0.62, by a PE multiple of 31.93.
Apollo Tyres' net profit fell 84.8% to Rs 7.79 crore on a 15.9% rise in sales to Rs 981.87 crore in Q2 September 2008 over Q2 September 2007.Apollo Tyres manufactures tires and tubes for cars, trucks, farm equipment and light commercial vehicles. The company also manufactures automobile flaps and retreading materials. Apollo Tyres has four manufacturing units in India, two in South Africa and two in Zimbabwe.
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