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Motilal Oswal maintains Buy rating on APL Apollo Tubes with a target price of ₹1,490 per share. The brokerage estimates revenue/EBITDA/PAT/CAGR at 15%/35%/40% over FY23-25.
APL Apollo Tubes share price today: The stock, which fell to a 52-week low of Rs 816 on June 29, 2022 hit an intraday high of Rs 1174 on BSE today, translating into a gain of 43.87 per cent during the period.
On Thursday, the indices opened gap down and ended with loss. On the National Stock Exchange (NSE), 856 stocks advanced, 1,201 declined, and 63 remained unchanged with advance decline ratio of 0.71.
On Monday, the indices opened gap up and ended with loss. On the National Stock Exchange (NSE), 877 stocks advanced, 1,217 declined and 65 remained unchanged with advance decline ratio of 0.72.
Separately, APL Apollo Mart bought 10 lakh shares of Shankara Building at the same price.