Shares of APL Apollo Tubes surged 14.19% this week, closing at ₹1,489.20 on Friday, February 21, 2025. The stock saw strong momentum, supported by positive brokerage views and strong demand in the steel tubes and pipes industry.
Stock Performance This Week:
| Day | Open (₹) | Close (₹) | Change (%) |
|---|---|---|---|
| Fri, Feb 21 | 1,500.00 | 1,489.20 | +0.85% |
| Thu, Feb 20 | 1,373.85 | 1,476.60 | +6.95% |
| Wed, Feb 19 | 1,315.00 | 1,380.65 | +4.21% |
| Tue, Feb 18 | 1,340.50 | 1,324.90 | -0.66% |
| Mon, Feb 17 | 1,306.75 | 1,333.75 | +2.36% |
| Fri, Feb 14 | 1,370.50 | 1,303.05 | -5.18% |
APL Apollo Tubes: Brokerage Views
- Axis Securities named APL Apollo Tubes among its top picks in the metals & mining sector, alongside Tata Steel and Hindalco.
- UBS maintained a Buy rating with a target price of ₹2,000, citing price hikes across APL Apollo’s product range, especially for larger diameter tubes.
- The brokerage highlighted rising EBITDA per ton in Q4FY25, expected in the range of ₹4,500-₹5,000, surpassing historical levels.
- APL Apollo’s management has set a Q4 EBITDA target exceeding ₹4 billion, driven by price hikes and higher demand.
Market Commentary:
Markets ended the week on a weaker note, with the Sensex falling 420 points and the Nifty closing below 22,800. Nifty Auto plunged 2.5%, while Nifty Metal was the sole gainer, rising over 1%.
Sectoral indices struggled, with 12 of 13 major indices closing in the red. Midcap and smallcap indices underperformed, with Nifty Midcap 100 down 1.32% and Nifty Small Cap 100 slipping 0.7%.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
