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Tuesday, 11 September 2012

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Buzzing Stocks: Apollo Tyres

Apollo Tyres dropped after rumours that the company supplied tyres to Modi's Rath

Apollo Tyres: BSE: 500877 | NSE: APOLLOTYRE | BSE Sep 11, 92.60 -0.95 (-1.02%)
Stock price of Apollo Tyres dropped on the bourses, after a senior Gujarat Congress Party leader alleged that the company supplied tyres to Narendra Modi's vehicle for Rath Yatra. The leader said that the company crossed limits of secularism and demanded high level inquiry from the central government. Apollo Tyres denied all the allegations and said the tyres are imported from cheap Chinese maker.

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