Recommendation: Add; Target Price: Rs 825
The firm aims for fund raising of Rs 1,900 crore via its initial public offering
The price band for the offering, scheduled to close on November 2, is set at Rs 308-324 per share.
APL Apollo, headquartered in the Delhi-NCR region, operates 11 manufacturing facilities across India with a combined capacity of 3.6 million tonne
Compared to the same quarter last year, when revenue from operations was Rs 2.28 lakh crore, it decreased 11% to Rs 2.02 lakh crore in the reporting period.
Recommendation: Add; Target Price: Rs 3800
Except for the realty sector, all other sectoral indices closed in the red.
Recommendation: Add; Target price: Rs2,330
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