APL Apollo Tubes zooms on launching 'Apollo Fencing Solution'

05 Jun 2020 Evaluate
APL Apollo Tubes is currently trading at Rs. 1607.00, up by 43.15 points or 2.76% from its previous closing of Rs. 1563.85 on the BSE.

The scrip opened at Rs. 1563.85 and has touched a high and low of Rs. 1630.00 and Rs. 1563.85 respectively.

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. 1635.90 and Rs. 1524.30 respectively. The current market cap of the company is Rs. 4005.28 crore.

The promoters holding in the company stood at 38.40%, while Institutions and Non-Institutions held 13.70% and 47.90% respectively.

APL Apollo Tubes has launched 'Apollo Fencing Solution', an unrivaled innovation that gives the much desired safety fencing to any property, besides adding unmatched beauty and elegance to it. Comprising an array of uniquely designed H-Shaped Fence Post called 'Apollo Fence', this low-cost, durable, and exciting product range can be used to replace even the concrete boundary wall.

'Apollo Fence' tubes can also be used to support various types of wire or wire mesh. Hence, looking at its broad spectrum of uses and their cost competitiveness, 'Apollo Fencing Solution' has apparently given all its counterparts a good run for their money. The product is formed by merging the H-Shaped Apollo Fence tubes on both ends with an Apollo Plank placed between them. Apollo Plank itself being another new age steel product makes the 'Apollo Fencing Solution' an amalgamation of two of the strongest products of APL Apollo.

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

1491.15 17.15 (1.16%)
28-Mar-2024 16:01 View Price Chart
Peers
Company Name CMP
JSW Steel 832.45
Tata Steel 155.90
SAIL 134.15
Jindal Stainless 694.90
APL Apollo Tubes 1491.15
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