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Apollo Tyres block deal: Apollo Tyres jumps 7%, hit 52-week high after block deal

The price action was supported by strong volume action with traded volume reported over 19.72 lakh shares. Meanwhile, on the BSE the spurt in volume was a whopping 224 times. Momentum indicators RSI and MFI showed days levels at 64 and 65, respectively, according to Trendlyne data. Apollo Tyres shares are currently trading above their 50-day and 200-day simple moving averages (SMAs). ....

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apollo tyres block deal: Warburg Pincus halves holding in Apollo Tyres; 2 FPIs sell stake in Jindal Saw via open market

Despite the sale, the stock ended in the green due to strong buying by domestic and foreign institutional investors. Shares of Apollo Tyres ended 0.5% higher at Rs 455.35. In the last three months, the stock has gained more than 22%. Nippon India Mutual Fund was the largest buyer of 1,20,44,000 shares or 1.9% stake for Rs 540 crore. ....

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