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APL Apollo Tubes shines on getting nod to acquire tube manufacturing unit located at Hyderabad

20 May 2019 Evaluate

APL Apollo Tubes is currently trading at Rs. 1530.60, up by 93.95 points or 6.54% from its previous closing of Rs. 1436.65 on the BSE.

The scrip opened at Rs. 1550.00 and has touched a high and low of Rs. 1556.45 and Rs. 1500.00 respectively. So far 1206 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2000.00 on 18-May-2018 and a 52 week low of Rs. 1009.05 on 15-Feb-2019.

Last one week high and low of the scrip stood at Rs. 1556.45 and Rs. 1393.10 respectively. The current market cap of the company is Rs. 3711.76 crore.

The promoters holding in the company stood at 37.07%, while Institutions and Non-Institutions held 13.93% and 49.00% respectively.

APL Apollo Tubes has received an approval for the acquisition of a 200,000 MTPA tube manufacturing unit located at Hyderabad, one of the unit of Taurus Value Steel & Pipes, a subsidiary of Shankara Building Products. The plant complements the company’s existing operations in Bengaluru and Hosur and will boaster the company’s manufacturing capacity to 2.3 million MTPA, thereby strengthening APL Apollo’s leadership position in the domestic and global markets. The Board of Directors of the company have approved the same.

APL Apollo Tubes is a leading manufacturer and exporter of Steel Pipes & Tubes, Aluminised Steel Tubes, Black Steel Tubes, Hot Dipped & Pre Galvanised Steel Tubes, Fence Tubes and Structural Steel.

APL Apollo Tubes Share Price

2105.45 59.90 (2.93%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Tata Steel 212.05
JSW Steel 1239.90
SAIL 173.50
Jindal Stainless 787.90
APL Apollo Tubes 2105.45
View more..

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