APL Apollo Tubes Ltd
APLAPOLLO

1,169.40

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1,185.55

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Buy
Reco. Price
Rs 1100.20
We recommend BUY on the stock based on revenue growth driven by traction in new products and capacity expansion. This combined with new technology driven cost savings is expected to drive future earnings. We see upside potential on FY18E P/E of 13.3x. (Target Price– Rs.1228.4)
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50 DMA (.)
1,075.26
100 DMA (.)
987.93
200 DMA (.)
956.91
Weekly Range (.)
1,094.10
1,194.40
Monthly Range (.)
1,037.05
1,194.40
52 Weeks Range (.)
630.55
1,194.40
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