APL Apollo Tubes Achieves 52-Week High Amid Strong Sales and Profit Growth

APL Apollo Tubes has reached a significant milestone today, hitting a new 52-week high of Rs. 1905. This achievement underscores the company's robust performance in the iron and steel products sector, particularly as it has demonstrated a remarkable annual growth rate in net sales of 22.03% and operating profit growth of 21.20%.
Despite a slight underperformance of -0.61% compared to its sector today, APL Apollo Tubes continues to maintain a strong position in the market, trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The company's fundamentals remain solid, with a return on capital employed (ROCE) of 26.81% and a low debt-to-EBITDA ratio of 0.34 times, indicating a strong ability to service its debt.

In the broader market context, the Sensex is trading positively, currently at 81,368.35, reflecting a bullish trend. APL Apollo Tubes has outperformed the Sensex over the past year, generating a return of 28.54% compared to the Sensex's 9.39%. With high institutional holdings at 48.52%, the company is well-positioned among its peers, ranking within the top 1% of companies rated by MarketsMojo.