APL Apollo Tubes News

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In the large cap segment, 15 companies witnessed significant block deals worth Rs 5,725 crore led by HDFC Bank with 43 block counts totalling to Rs 2,446 crore. The next in line were Adani Ports and Special Economic Zone (Rs 469 crore), Godrej Consumer (Rs 421 crore), TVS Motor Company (358 crore), Infosys (Rs 339 crore), Interglobe Aviation (Indigo, Rs 288 crore) and Maruti Suzuki (Rs 218 crore).

Sensex and Nifty hit new highs. NCLAT directs NCLT to re-hear APL Apollo Tubes insolvency plea. Reliance Jio's tech collaboration with TM Forum sees 80% resource increase. Police investigate child labor at Som Distilleries. Mahindra Lifespace targets sharp increase in sales. Lupin enters CDMO business. Alembic Pharma receives FDA approval.

NCLAT directs NCLT to rehear APL Apollo Tubes insolvency plea against Tanisha Scaffolding. Bench criticizes Bengaluru NCLT for rejecting claims on 'hypothetical interpretation' related to Purchase Order and Demand Notice. NCLAT emphasizes adherence to statute in tribunals. NCLAT orders expeditious proceedings.

Top mutual funds like SBI Mutual Fund, Axis MF, Nippon India MF bought 19 midcap stocks, including Suzlon Energy, NHPC, and PB Fintech, the parent of online insurance aggregator Policybazaar.

Shares of Varun Beverages, Zomato, Jindal Steel and Tube Investments will be in focus as the companies will announce their fourth quarter results today.

APL Apollo Tubes Ltd. key Products/Revenue Segments include Pipes & Tubes Steel, Scrap, Export Incentives and Job Work for the year ending 31-Mar-2023.

Today, when the whole market is down, there is one sector which is leading the recovery, metals. Both ferrous and non ferrous. Partially because of the fact that Russian metal has been sort of ousted from the markets with the US and UK taking measures to keep it out of exchanges. Also because there are enough indications from China that demand might be getting stronger. Now there is an inverse relationship between the rising price of metal and margins of the many user industries. So when there is an expectation that metal prices are going to rise, there is bound to be a negative reaction in some of the sectors and industries. As an investor one needs to realize that the user industry, where there is higher “value addition” to the metal and there is a strong “brand”. The impact on margins is much lower. Infact when these stocks react to the narrative which might hit the street sooner than later, it is probably the time to have a look at them with a long term perspective.

APL Apollo Tubes Ltd. key Products/Revenue Segments include Pipes & Tubes Steel, Scrap, Export Incentives and Job Work for the year ending 31-Mar-2023.

An official factory survey on Sunday revealed that China's manufacturing activity had expanded for the first time in six months in March. The world's largest producer and consumer of copper saw its most-traded May copper contract on the Shanghai Futures Exchange closing day-time trade 1.1% higher at 73,100 yuan ($10,110.79) per metric tonne.

Among Sensex stocks, Tata Steel, M&M, JSW Steel, and Tata Motors were the top gainers, rising 2.5-5%. Axis Bank, Sun Pharma, Reliance Industries, and Maruti also ended with gains, while Infosys, TCS, Titan, and Wipro ended with cuts.

The NSE Nifty index was trading 86.5 points down at 22249.2

It makes sense to pay more for a stock whose earnings grow at a faster rate. That is the reason why when a sector gets discovered first as a fast growing sector we see a sudden rush of money in that sector. If it is midcap stocks then it deserves to be paid more. Now, how much more should be paid is the question. One of the ways is to determine by dividing a company’s PE multiple with its growth ratio.

JSW Steel on Thursday reported robust growth in the consolidated net profit for the quarter ended December, as the bottom line rose nearly 5 times from the year-ago period to Rs 2,415 crore and also beat ETNow estimates of Rs 1,719 crore.

DIPAM has agreed to the proposal of the company and Ministry of Power to form four Joint Venture companies for the development of Hydro and Renewable Projects in India and Nepal.

One of the biggest challenges which manufacturing companies and too large ones face is the right allocation of capital. The reason, they go through various economic and business cycles where they face both the problem of plenty and scarcity of capital at different points of time. When a metal company starts making money, it mints money. Post that what it does --buy more mines, expand capacity or retire debt -- will determine its future. When looking at manufacturing companies, look carefully at PEG ratio which long-term indicates many things in a better manner than most other ratios.

The NSE Nifty index closed 36.55 points up at 20133.15

APL Apollo reported robust earnings for the September quarter, with the consolidated net profit rising 35% year-on-year (YoY), led by a 17% growth in the top line and a 41% growth in the operating profit.

Shares of LTIMindtree jumped over 2% to the day's high of Rs 5638 on the BSE while BEL fell 1.4% to the day's low of Rs 143.95. Meanwhile, UPL traded flat though the bias was positive and Dabur India gained up to 0.40% to Rs 543.85 around 12 pm.

IIFL Securities said it expects Tata Communications, Macrotech Developers, APL Apollo Tubes, Persistent Systems, IndsInd Bank, Polycab, Paytm and Suzlon likely to be added to the MSCI India Standard Index after the review.

APL Apollo Tubes Ltd., incorporated in the year 1986, is a Mid Cap company (having a market cap of Rs 44476.93 Crore) operating in Metals - Ferrous sector.

Consumer goods company Marico Ltd on Monday reported 17% growth in its consolidated net profit at Rs 353 crore for the quarter ended September.

The steel tube maker's consolidated profit rose 35% to 2.03 billion rupees ($24.40 million) in the second quarter, but missed analysts' average estimate of 2.22 billion rupees, according to LSEG data.

Others likely to feature in the index and benefit from global passive fund inflows are Polycab India and Tata Communications, wealth firm Nuvama Alternative & Quantitative Research said.

APL Apollo Tubes Ltd., incorporated in the year 1986, is a Mid Cap company (having a market cap of Rs 45336.65 Crore) operating in Metals - Ferrous sector.

The domestic brokerage said that it has assessed the probable changes to the MSCI India standard Index assuming the price cut-off date of September 29, 2023.

CLSA maintained a buy rating on Bharti Airtel with a target price of Rs 1100. Strong data subscriber additions. Postpaid subscriber acceleration is seen. The company has shown commendable market share gains.

This article delves into the significance of RSI, shedding light on its role in assessing bearish trends amid overbought conditions. We examine four stocks that exemplify this intriguing interplay, providing potential investors with valuable insights.

From Sensex pack, Power Grid, JSW Steel, L&T, Tata Motors, and Tata Steel opened with gains, while Jio Financial Services, Reliance Industries, Axis Bank and IndusInd Bank opened with cuts.

The surge of Nifty midcap stocks to 52-week highs on August 28 paints a vivid picture of the ever-evolving stock market.

The surge of mid & small-cap stocks to new all-time highs on August 28 paints a vivid picture of the ever-evolving stock market.

The ex-dividend date is when the price of the equity shares of a company gets adjusted for the dividend payout. It is one or two working days before the record date. All the shareholders whose names appear in the company's list by the end of the record date will be eligible to receive dividends.

The attainment of new 52-week highs by APL Apollo Tubes, Shriram Finance, Mphasis, Sun TV Network, and other Nifty Midcap stocks on August 24 signifies their outstanding market performance and growth prospects.

The BSE SmallCap Index made waves on August 16, 2023, as several stocks hit new 52-week highs, demonstrating remarkable growth and market strength.

APL Apollo Tubes, incorporated in the year 1986, is a Mid Cap company (having a market cap of Rs 41096.27 Crore) operating in Metals - Ferrous sector.

While it’s not necessarily a binary choice, investors are increasingly comparing the two giant Asian markets as they decide where to place bets. Read on to see which sectors and stocks are likely to benefit from the demographic shift.

The top losers in the day's trade were National Aluminium Company (3%), Jindal Stainless (2.6%) and Tata Steel (2.6%). Both National Aluminium and Jindal Stainless hit their 52-week highs on Monday.

The BSE Metal Index witnessed a momentous surge today on August 1 as five prominent metal stocks, namely APL Apollo Tubes, Jindal Steel & Power, JSW Steel, National Aluminium, and SAIL, soared to their respective new 52-week highs.

BSE SmallCap index witnessed a remarkable rally today, with several prominent stocks achieving new 52-week highs, showcasing the strong growth potential of these companies in the current market

The data was sourced from BSE at 1.20 pm, and the updates from the real-time data could come with a lag. The below data also pertains only to the time at which it was taken.