APL Apollo Tubes Ltd. saw a 3% jump in its share price after UBS reiterated a ‘Buy’ rating with a target price of ₹2,000. The global brokerage firm cited strategic price hikes and positive market trends as key growth drivers. As of 9:39 AM, the shares were trading 2.46% higher at Rs 1,512.90.
UBS highlighted that APL Apollo has implemented price increases across its product portfolio, particularly in larger diameter tubes, which is expected to boost EBITDA per ton in Q4FY25. Management remains optimistic about quarterly EBITDA surpassing ₹4 billion, with implied EBITDA per ton reaching ₹4,500-₹5,000, exceeding historical trends.
Additionally, UBS noted market share gains and strong demand as critical factors supporting APL Apollo’s long-term growth. The company’s leadership position in the steel tubes and pipes sector, coupled with strategic pricing actions, strengthens its profitability outlook.
APL Apollo Tubes shares opened at ₹1,500.00, reaching a high of ₹1,537.50 and a low of ₹1,490.55. The 52-week high stands at ₹1,728.95, while the low is ₹1,272.70.
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