APL Apollo Tubes gains 3%, hits 52-week high on strong Q3 sales volume

The company registered a strong sales volume of 480,225 MTPA in Q3FY20, higher by 52.6 per cent YoY, from 314,707 MTPA logged in Q3FY19.

Shares of APL Apollo Tubes hit a 52-week high of Rs 1,939, up 3 per cent, on the BSE on Wednesday after the company reported a strong 53 per cent year on year (YoY) jump in sales volume in October – December quarter (Q3FY20).

"The company registered a strong sales volume of 480,225 million tonne per annum (MTPA) in Q3FY20, higher by 52.6 per cent YoY from 314,707 MTPA in Q3FY19. The growth was led by strong demand across product categories,” APL Apollo Tubes said in a press release. READ STATEMENT HERE

The company is engaged in branded building