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Buzzing stock: APL Apollo Tubes makes a new 52-week high, Stock rises 5 per cent

Ganesh V
/ Categories: Mindshare, DSIJ News
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Buzzing stock: APL Apollo Tubes makes a new 52-week high, Stock rises 5 per cent

During Friday’s trading session, the stock of APL Apollo Tubes jumped more than 7 per cent and made new 52-week high of 976.25. Shares of the company have gained 53.50 per cent in the last two months.

The stock of APL Apollo Tubes has recovered by 377.20 per cent from its sharp decline in March 2020. On a YTD basis, the stock has gained 178.93 per cent. In the last one month, the company has gained nearly 29 per cent.

The company reported a net profit of Rs 102.63 crore in Q2FY21, an increase of 71.54 per cent. It had reported a profit of Rs 59.83 crore in Q2FY20. The company reported net sales of Rs 2130.30 crore for Q2FY21, an increase of 34.5 per cent as against the net sales of Rs 1583.81 crore for Q2FY20. 

Company has delivered good profit growth of 32.04 per cent CAGR over the last 5 years. According to BSE data, the stock traded at a P/E multiple of 20.37 and a price-to-book ratio of 1.71.

The stock has a 52-week high and a 52-week low of Rs 976.25 and Rs 205, respectively.

At the time of market closing, the stock of APL Apollo Tubes Ltd was trading at Rs 961.60, up by 5.57 per cent on BSE.

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