APL Apollo Tubes is currently trading at Rs. 3260.60, up by 21.35 points or 0.66% from its previous closing of Rs. 3239.25 on the BSE.
The scrip opened at Rs. 3231.05 and has touched a high and low of Rs. 3276.40 and Rs. 3231.05 respectively. So far 338 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 3,276.40 on 06-Nov-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. 3276.40 and Rs. 3064.50 respectively. The current market cap of the company is Rs. 8077.86 crore.
The promoters holding in the company stood at 39.52%, while Institutions and Non-Institutions held 13.47% and 47.01% respectively.
APL Apollo Tubes (APL) has signed a Memorandum of Understanding (MoU) with Zamil Steel Buildings India (Zamil Steel India) to develop a market for pre-engineered steel buildings (PEB) made from structural steel tubes. This is in line with APL’s strategy to create new markets for structural steel tubes in India.
Zamil Steel India plans to increase the deployment of structural steel tubes in all its projects, with a target to make the maximum possible usage of structural steel tubes in all its offerings, to leverage the lower costs and higher quality of such products to increase their market space.
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.
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