Apollo Tyres Opens Higher, Then Gives Up Gains Despite 3-Fold Q4 Profit Jump
Apollo Tyres Limited touched a day’s high of Rs 428.75 on the NSE on 15 May before giving back all gains, as investors weighed a sharp jump in reported profit against the impact of a one-time deferred tax reversal. By mid-session, the stock was trading marginally below its previous close. The headline numbers were impressive….