APL Apollo Tubes gains on HDFC Mutual Fund buying

On April 6, 2015, HDFC Mutual Fund bought 160,000 shares of APL Apollo Tubes at Rs 421 per share on the BSE.

<a href="http://www.shutterstock.com/pic-49062454/stock-photo-buy-sell-hold-investing-dice-isolated-on-white.html" target="_blank">Image</a> via Shutterstock
SI Reporter Mumbai
Last Updated : Apr 07 2015 | 10:29 AM IST
Shares of APL Apollo Tubes were trading higher by 3% at Rs 450 on the BSE after HDFC Mutual Fund bought nearly one percentage point stake in the company through open market.

On Monday, April 6, 2015, HDFC Mutual Fund bought 160,000 shares representing 0.68% stake in APL Apollo Tubes at Rs 421 per share on the BSE, the bulk deal data shows.

The stock opened at Rs 447 and touched a 52-week high of Rs 455 on the BSE. A combined 25,750 shares changed hands on the counter till 1026 hours on the BSE and NSE.
 

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First Published: Apr 07 2015 | 10:27 AM IST

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