APL Apollo Tubes Shows Strong Reversal Amid Positive Sector Momentum

May 12 2025 10:00 AM IST
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APL Apollo Tubes experienced notable activity on May 12, 2025, reversing a two-day decline with a significant gain. The stock is trading above key moving averages and is close to its 52-week high. The broader steel sector also performed well, contributing to APL Apollo's strong market position.
APL Apollo Tubes has shown significant activity today, gaining 3.68% as of May 12, 2025. This performance comes after a two-day decline, marking a notable trend reversal. The stock opened with a gap up of 3.04% and reached an intraday high of Rs 1715, reflecting a 3.35% increase. Currently, APL Apollo Tubes is just 0.84% away from its 52-week high of Rs 1729.45.

In terms of moving averages, APL Apollo Tubes is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a strong upward momentum. The steel, sponge iron, and pig iron sector has also performed well, gaining 3.35% today, aligning with APL Apollo Tubes' positive trajectory.

Comparatively, APL Apollo Tubes has outperformed the Sensex, which rose by 2.88% today. Over the past week, the stock has increased by 6.95%, and its one-month performance stands at 13.38%. Year-to-date, APL Apollo Tubes has achieved a 9.46% gain, showcasing its robust market position and performance indicators in the large-cap segment.
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