New Delhi. If you are also interested in investing in the stock market, then today we are telling you about a stock which has given more than 260% return in just one year. In the last one year, the shares of APL Apollo Tubes have given more than 260% returns to their investors. So far in 2021, its return has been 103%. In September 2020, the shares of APL Apollo Tubes were trading at Rs 480, which closed at Rs 1880, up 2.19% on Friday 9 September.
APL Apollo Tubes is the largest company in the country to manufacture structural steel tubes. It manufactures a wide range of products including Pre-galvanized Tubes, Structural Steel Tubes, Galvanized Tubes, MS Black Pipes and Hollow Sections.
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Know what is the opinion of experts
Domestic brokerage firm Motilal Oswal has started the coverage of APL Apollo Tubes with a Buy rating on it. Motilal Oswal believes that this multibagger stocks can give strong returns in the coming days. The brokerage firm expects that the company’s profits will increase further due to the increase in demand in this product segment.
While advising to buy the shares of APL Apollo Tubes, the brokerage firm has fixed its target price at Rs 2065 per share. Whereas on Friday 9 September, it closed at Rs 1880, up 2.19%. Due to its leadership position, low cost, structural tube business, the company can achieve valuation at par with its rivals in the building materials segment.
The company has launched many new products. Along with this, due to strong distribution network, increasing market share as well as increased cross selling due to merger, the shares of APL Apollo Tubes will increase in the coming times. The product portfolio of APL Apollo Tubes is diversified which will give good support to its profits.
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