Apollo Tyres' Fund raising will be by issue of Non-Convertible Debentures (NCDs) through Private Placement, within the borrowing limits.
InCred said that Premier Explosives has maintained a strong uptrend within a rising channel, pushing toward the upper boundary with clear higher highs and higher lows since its recovery in 2020.
Apollo Tyres shares are up 5 per cent in the past one month, but are still down nearly 8 per cent year-to-date.
Axis Securities said that Bata India has staged a short and medium-term trend reversal on daily and weekly charts. It has found strong support near an important historical level.
An analyst from StoxBox said that Ola Electric Mobility is experiencing selling pressure, leading to the formation of an intermediate lower peak, which has shifted the resistance down to Rs 102 levels.
An analyst from LKP Securities said that Apollo Tyres has been finding support around the 200-DMA for several days. The price has been holding above the previous swing low.
Apollo Tyres shares ended at Rs 520.75 on Wednesday on BSE. Market cap of the firm stood at Rs 32,707 crore.
3M India shares will turn ex-dividend today. The company had announced a final dividend of Rs 160 per share and a special dividend of Rs 525 apiece. Friday is also the record date for the purpose of determining eligible 3M India shareholders.
Analysts from Axis Securities said that Reliance Industries has demonstrated a breakout above the consolidation zone on the weekly chart, indicating the continuation of the medium-term uptrend.
Apollo Tyres shares climbed 5.77% to Rs 510 against the previous close of Rs 482.15 on BSE. Market cap of the firm rose to Rs 31,088 crore.
Shares of Apollo Tyres surged more than 7.18 per cent to Rs 508.10 on Thursday, commanding a total market capitalization of more than Rs 32,000 crore for the day.





