Apollo Tyres’ shares rose 3% despite a 37% drop in Q2 profit to Rs 297 crore, attributed to weak demand in India and rising raw material costs. While European operations showed growth, the Indian market suffered from a slowdown in the commercial vehicle segment. Analysts maintain optimistic outlooks, citing potential for pricing improvements and robust European performance.
Asian equities climb after soft US inflation print
Australian and Japanese shares rose and equity-index futures for US stocks climbed in early Asian trading, bolstering advances in the prior session. Even after Wednesday’s
March 13, 2025