Apollo Tyres Limited, a company in which Harshad Mehta, the once-famous stock market investor, had a significant stake, has seen its share price surge dramatically over the years. What was once priced at Rs 21 in 1992 has now crossed Rs 500, currently standing at Rs 527. Apollo Tyres ranked as the 7th largest tyre manufacturer globally, has delivered remarkable returns to its investors.
Investors in Apollo Tyres have witnessed substantial growth in their investments year after year. The stock has provided a return of 16% this year alone and over 22% in the past twelve months. Over five years, the shares have yielded a staggering 181% return, nearly doubling investors’ money. Since 1999, the stock has delivered an impressive 7900% return, showcasing its robust performance over the decades.
Harshad Mehta, known as the “Big Bull” of the 1990s Indian stock market, held a stake in Apollo Tyres. Following his demise, legal battles ensued over his holdings, culminating in a 2011 Supreme Court directive for the return of a 4.95% stake to his family.
Harshad Mehta’s influence on the stock market was profound, with his investment strategies and stock tips widely followed during his peak. However, his involvement in the 1992 securities scam revealed the darker side of his financial dealings, tarnishing his legacy in the eyes of many.
Apollo Tyres continues to thrive as a prominent player in the global tyre industry, with its stock performance reflecting robust investor confidence and strong market fundamentals.
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