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APL Apollo Tubes surges on resuming partial operations at manufacturing facilities

22 Apr 2020 Evaluate
APL Apollo Tubes is currently trading at Rs. 1184.75, up by 20.40 points or 1.75% from its previous closing of Rs. 1164.35 on the BSE.

The scrip opened at Rs. 1174.05 and has touched a high and low of Rs. 1200.30 and Rs. 1164.55 respectively. So far 292 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2216.95 on 27-Jan-2020 and a 52 week low of Rs. 1025.00 on 19-Mar-2020.

Last one week high and low of the scrip stood at Rs. 1299.95 and Rs. 1160.75 respectively. The current market cap of the company is Rs. 2933.92 crore.

The promoters holding in the company stood at 38.26%, while Institutions and Non-Institutions held 14.95% and 46.79% respectively.

APL Apollo Tubes has resumed partial operations at its manufacturing facilities at Raipur, Chhattisgarh, which was temporarily suspended due to the lockdown on account of COVID -19. All necessary precautions relating to hygiene, sanitisation, social distancing, care and protection of the employees would continue to be followed.

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.

Peers
Company Name CMP
JSW Steel 1261.00
Tata Steel 186.00
Steel Authority 184.45
Jindal Stainless 745.30
APL Apollo Tubes 2200.00
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