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    Buy APL Apollo Tubes, target price Rs 1100: Axis Securities

    Synopsis

    APL Apollo Tubes Ltd., incorporated in the year 1986, is a Mid Cap company (having a market cap of Rs 21475.32 Crore) operating in Metals - Ferrous sector.

    Buy APL Apollo Tubes, target price Rs 1,100:  SharekhanThinkStock Photos
    Promoters held 34.54 per cent stake in the company as of 31-Dec-2021, while FIIs owned 24.59 per cent, DIIs 10.72 per cent.
    Axis Securities has buy call on APL Apollo Tubes with a target price of Rs 1100. The current market price of APL Apollo Tubes Ltd. is Rs 860.25. Time period given by analyst is one year when APL Apollo Tubes Ltd. price can reach defined target.

    APL Apollo Tubes Ltd., incorporated in the year 1986, is a Mid Cap company (having a market cap of Rs 21475.32 Crore) operating in Metals - Ferrous sector.

    APL Apollo Tubes Ltd. key Products/Revenue Segments include Pipes & Tubes Steel, Scrap and Export Incentives for the year ending 31-Mar-2021.

    Financials
    For the quarter ended 31-03-2022, the company reported a Consolidated Total Income of Rs 4225.74 Crore, up 30.49 % from last quarter Total Income of Rs 3238.29 Crore and up 62.55 % from last year same quarter Total Income of Rs 2599.61 Crore. Company reported net profit after tax of Rs 176.61 Crore in latest quarter.


    Promoter/FII Holdings
    Promoters held 34.52 per cent stake in the company as of 31-Mar-2022, while FIIs owned 23.29 per cent, DIIs 11.12 per cent.



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    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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