Apollo share price hits all-time high

While shares in Cooper Tire & Rubber have begun 2014 at roughly the same price they traded for a year earlier after climbing as high as $34.79 and dipping to $20.55 in between, former prospective purchaser Apollo Tyres’ share price has risen to an all-time high following the breakup of negotiations between the two companies late last year. During intraday trading on 8 January, the BSE-listed company’s share price went as high as Rs 113.50 before settling to Rs 112.70, a daily increase of 6.5 per cent and more than double the annual low of Rs 54.60 reached in late June 2013 following the announcement of Apollo’s plan to acquire Cooper.