Apollo Tyres witnessed a sharp rally in its stock price after the company announced the acquisition of an additional 3.43% equity stake in Green Infra Wind Power Projects Ltd. (GIWPPL), boosting its total holding in the renewable energy firm to 21.27%.

The stock is currently trading at RS. 471.80, rising by 16.10 points or 3.53% from its previous close of RS. 455.70 on the BSE. The scrip opened at RS. 455.65 and recorded an intraday high of RS. 475.40 and a low of RS. 454.40. A total of 84,653 shares have exchanged hands so far.

Classified under the BSE ‘A’ group, the stock has a face value of RS. 1. It has hit a 52-week high of RS. 584.65 on 26-Sep-2024 and a 52-week low of RS. 368.00 on 07-Apr-2025. Over the past week, the scrip traded between a high of RS. 475.40 and a low of RS. 446.85. The current market capitalization stands at RS. 29,983.12 crore.

As per the latest shareholding pattern, promoters hold 37.36% stake in the company, while institutions and non-institutional investors hold 41.51% and 21.13%, respectively.

The strategic acquisition aims to support Apollo Tyres’ renewable energy goals through wind power procurement. Apollo Tyres is a prominent player in the Indian tyre market, offering a wide range of products including tubeless and tube-type tyres for cars, SUVs, trucks, and buses.