BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Closed|| Medium (6M)
Emkay Recommends 'Buy' On APL Apollo Tubes
According to Emkay APL Apollo Tubes' (APAT) Q1 sales volume is up by 29 per cent year-on-year. Out of this, organic growth would be 26 per cent year-on-year. There are clear signs of market share gains for APAT as the overall industry growth rate is 10-12 per cent. Based on Emkay's estimates, APAT's market share in building material pipes (pregalvanized and square pipes) is 50 per cent.