"While the first half of the first quarter was almost a complete washout, our performance has been excellent since the markets
opened up, especially in the replacement market," the company said.
"While the uncertainty will continue, and we will have to find opportunities for growth, I am hopeful of the markets
further recovering and the sales bouncing back around the festive season in India," Apollo Tyres
Chairman Onkar S Kanwar said.
At 10:35 AM, the stock was trading nearly 2 per cent lower at Rs 114 on the BSE. In comparison, the benchmark S&P BSE Sensex was ruling 263 points or 0.7 per cent higher at 37,926 levels.