Published On:Monday 10 September 2012
Buzzing Stocks: Apollo Tyres
Apollo Tyres dropped after rumours that the company supplied tyres to Modi's Rath
Stock price of Apollo Tyres dropped on the bourses, after a senior Gujarat Congress Party leader alleged that the company supplied tyres to Narendra Modi's vehicle for Rath Yatra. The leader said that the company crossed limits of secularism and demanded high level inquiry from the central government. Apollo Tyres denied all the allegations and said the tyres are imported from cheap Chinese maker.
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