APL Apollo Tubes Achieves 52-Week High, Reflecting Strong Sector Performance and Fundamentals

APL Apollo Tubes has reached a significant milestone today, hitting a new 52-week high of Rs. 1820.65. This achievement underscores the company's strong performance in the iron and steel products sector, where it has consistently demonstrated robust financial metrics. Over the past year, APL Apollo Tubes has recorded an 8.73% increase in stock value, reflecting a solid growth trajectory compared to the broader market.
The company has shown impressive long-term fundamentals, with a Return on Capital Employed (ROCE) averaging 26.81%. Additionally, net sales have grown at an annual rate of 22.03%, while operating profit has increased by 21.20%. APL Apollo Tubes maintains a low Debt to EBITDA ratio of 0.34 times, indicating strong debt servicing capabilities.

Despite a slight underperformance today compared to its sector, the stock remains technically bullish, trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. With high institutional holdings at 48.52%, APL Apollo Tubes is well-positioned within the market, ranking among the top 1% of companies evaluated by MarketsMojo.