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APL Apollo gains as HDFC Growth Fund purchases 5.68 lakh shares

04 Mar 2015 Evaluate

APL Apollo Tubes is currently trading at Rs. 373.40, up by 15.50 points or 4.33% from its previous closing of Rs. 357.90 on the BSE.

The scrip opened at Rs. 375.00 and has touched a high and low of Rs. 380.00 and Rs. 367.20 respectively. So far 11,00,000 shares were traded on the counter.

The BSE group 'A' stock of face value Re. 1 has touched a 52 week high of Rs. 400.00 on 19-Jan-2015 and a 52 week low of Rs. 150.00 on 06-Mar-2014.

Last one week high and low of the scrip stood at Rs. 380.00 and Rs. 334.00 respectively. The current market cap of the company is Rs. 524.70 crore.

The promoters holding in the company stood at 43.75 % while Institutions and Non-Institutions held 17.81 % and 38.44 % respectively.

Apollo Pipes has sold 3 lakh shares of APL Apollo Tubes through the open market route. The shares were sold on an average price of Rs 350.02 valuing the transaction to Rs 10.50 crore. On the other hand, HDFC MF A/C HDFC Growth Fund has bought 5.68 lakh shares in the company for an average price of Rs 350.65, through open market route valuing the transaction at Rs 19.93 crore.

APL Apollo Tubes will continue to develop new products to compliment its wide basket of over 400 different pipes and sections. The company is targeting to spend over 0.5% of its turnover in R&D and new technologies.

APL Apollo Tubes Share Price

1989.05 -33.30 (-1.65%)
24-Apr-2026 11:27 View Price Chart
Peers
Company Name CMP
Tata Steel 210.00
JSW Steel 1249.25
SAIL 177.40
Jindal Stainless 774.45
APL Apollo Tubes 1989.05
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