Apollo Tubes' net profit increased 42.9 per cent year-on-year (Y-o-Y) to ₹310 crore, up from ₹217 crore in the year-ago quarter
APL Apollo Tubes' revenue for the quarter rose 7 per cent to ₹5,815 crore, compared with ₹5,433 crore in the corresponding period last year
Motilal Oswal has maintained its 'Buy' call on APL Apollo Tubes with the target price at ₹2,260per share
APL Apollo reported sales volumes of 916,976 tonnes in the quarter, up from 855,037 tonnes in Q2FY26 and 828,200 tonnes in the year-ago period
Aakash Shah of Choice Equity Broking's top picks include Tarc, Karur Vysya Bank, and APL Apollo Tubes; check target, stop-loss
Nuvama remains upbeat on APL Apollo Tubes after its recent interaction with the company's top management, reiterating a 'Buy' rating with a target price of ₹2,093, valued at 36x Q2FY28E EPS
Analysts at Nuvama noted that APL Apollo launched its new 'SG Premium' product line at around ₹49,500 per tonne to counter competition from secondary steel players.
Around 9:30 AM, APL Apollo Tubes shares continued to trade lower, down 3.46 per cent at ₹1,630 per share. In comparison, BSE Sensex was trading 0.51 per cent lower at 81,764.21 levels.
APL Apollo's stock was quoting at ₹1,699, up 2.18 per cent after the company reported strong fourth quarter results
Of the 15 stocks in the Nifty Metal Index, five stocks, including Hindustan Copper, Nalco, Hindalco, JSL, and NMDC, hit fresh 52-week lows
As per the channel Check, APL's growth momentum is likely to remain, aided by customers shifting from refurbished steel to hot-rolled coil (HRC) structural steel tubes
Derivatives market data shows FIIs net sold 78,868 contracts of Nifty futures in first 4 trading days of Jan series while OI rose 74,992 contracts; thus implying build-up of short positions in Nifty.
Hindalco, Coal India, among four metal and mining stocks recommended by Axis Securities
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An analysis by IIFL Securities, shows APL Apollo could see inflows worth $195 mn from passive trackers, followed by Tata Motors ($134 mn) and Lodha ($128 mn)
The steel tube maker's consolidated profit rose 35% to Rs 203 crore in the second quarter, but missed analysts' average estimate of Rs 222 crore, according to LSEG data