APL Apollo Tubes shares rise nine times in three years; buy, sell or hold?
APL Apollo Tubes shares, which closed at Rs 127.42 on March 27, 2020 hit a high of Rs 1222 on March 27, 2023, translating into gains of 859 per cent during the period.
- Mar 27, 2023,
- Updated Mar 28, 2023 8:58 AM IST
Shares of APL Apollo Tubes have logged stellar returns for investors in the last three years. APL Apollo Tubes shares, which closed at Rs 127.42 on March 27, 2020 hit a high of Rs 1222 on March 27, 2023, translating into gains of 859 per cent during the period. It suggests the stock has grown over nine times in the last three years. In comparison, Sensex has risen 116 per cent during the period. An investment of Rs 1 lakh in the APL Apollo Tubes stock a year ago would have grown to Rs 9.59 lakh today. The stock closed at Rs 1208 in the previous session. It was trading flat at Rs 1200 in early trade today. The large cap stock also hit a high of Rs 1222 on BSE. APL Apollo Tubes stock has gained 10% this year and risen 33.44% in a year. The stock hit a 52-week high of Rs 1336 on February 17, 2023 and a 52-week low of Rs 801.40 on May 12, 2022.
A total of 2613 shares of the firm changed hands, amounting to a turnover of Rs 31.36 lakh on the BSE. The market cap of the company fell to Rs 33,347 crore on BSE.
In terms of technicals, the relative strength index (RSI) of APL Apollo Tubes stands at 49.6, signaling it's neither oversold nor overbought zone. APL Apollo Tubes stock has a one-year beta of 0.7, indicating low volatility during the period.
In Q3 of this fiscal, public shareholders held 68.85 per cent stake or 19.09 crore shares in the firm. Five promoters held 31.15 per cent stake or 8.63 crore shares in the last quarter. 1,66,719 public shareholders held 4.14 crore shares of the firm, amounting to a stake of 14.96 per cent with an individual share capital of up to Rs 2 lakh. 31 public shareholders held 96.09 lakh shares of the firm, amounting to a stake of 3.47 per cent with an individual share capital of over Rs 2 lakh.
This article is for information purpose only and should not be construed as a stock recommendation. Pls consult your financial advisor or an independent financial planner before taking any position in the stock. Business Today will not be responsible for any losses arising out of dealing in this stock.)
Also read: Securekloud Tech shares tank as ED arrests promoters in Money Laundering Act
Shares of APL Apollo Tubes have logged stellar returns for investors in the last three years. APL Apollo Tubes shares, which closed at Rs 127.42 on March 27, 2020 hit a high of Rs 1222 on March 27, 2023, translating into gains of 859 per cent during the period. It suggests the stock has grown over nine times in the last three years. In comparison, Sensex has risen 116 per cent during the period. An investment of Rs 1 lakh in the APL Apollo Tubes stock a year ago would have grown to Rs 9.59 lakh today. The stock closed at Rs 1208 in the previous session. It was trading flat at Rs 1200 in early trade today. The large cap stock also hit a high of Rs 1222 on BSE. APL Apollo Tubes stock has gained 10% this year and risen 33.44% in a year. The stock hit a 52-week high of Rs 1336 on February 17, 2023 and a 52-week low of Rs 801.40 on May 12, 2022.
A total of 2613 shares of the firm changed hands, amounting to a turnover of Rs 31.36 lakh on the BSE. The market cap of the company fell to Rs 33,347 crore on BSE.
In terms of technicals, the relative strength index (RSI) of APL Apollo Tubes stands at 49.6, signaling it's neither oversold nor overbought zone. APL Apollo Tubes stock has a one-year beta of 0.7, indicating low volatility during the period.
In Q3 of this fiscal, public shareholders held 68.85 per cent stake or 19.09 crore shares in the firm. Five promoters held 31.15 per cent stake or 8.63 crore shares in the last quarter. 1,66,719 public shareholders held 4.14 crore shares of the firm, amounting to a stake of 14.96 per cent with an individual share capital of up to Rs 2 lakh. 31 public shareholders held 96.09 lakh shares of the firm, amounting to a stake of 3.47 per cent with an individual share capital of over Rs 2 lakh.
This article is for information purpose only and should not be construed as a stock recommendation. Pls consult your financial advisor or an independent financial planner before taking any position in the stock. Business Today will not be responsible for any losses arising out of dealing in this stock.)
Also read: Securekloud Tech shares tank as ED arrests promoters in Money Laundering Act