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HDFC MF Prudence Fund buys 1.60 lakh shares of APL Apollo Tubes

03 Apr 2015 Evaluate

HDFC MF Prudence Fund has bought 1.60 lakh shares of APL Apollo Tubes through open market route. The shares were purchased on an average price of Rs 392 valuing the transaction to Rs 6.28 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.

Peers
Company Name CMP
JSW Steel 1236.20
Tata Steel 173.90
Steel Authority 168.65
Jindal Stainless 733.95
APL Apollo Tubes 2155.00
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