Key Events This Week
2 Feb: Stock opens at Rs.2,079.10, up 1.64% despite Sensex decline
3 Feb: New 52-week high at Rs.2,176.2 and strong gap up opening
4 Feb: Continues rally, hits Rs.2,177, outperforming sector
5 Feb: New 52-week high at Rs.2,193.7 amid mixed market
6 Feb: All-time high of Rs.2,196 reached, closes week strong
2 February 2026: Positive Start Amid Market Weakness
APL Apollo Tubes Ltd began the week on a strong note, closing at Rs.2,079.10, up 1.64% despite the Sensex falling 1.03% to 35,814.09. This divergence highlighted the stock’s relative strength early in the week. The volume was moderate at 8,263 shares, signalling steady investor interest. The stock’s resilience against a declining benchmark set the tone for the subsequent rally.
3 February 2026: New 52-Week High and Gap Up Momentum
The stock surged further on 3 February, opening with a significant gap up of 4.67% and hitting a new 52-week high of Rs.2,176.2 intraday. It closed at Rs.2,137.00, up 2.78%, slightly underperforming the Sensex’s 2.63% gain but outperforming the broader iron and steel sector’s 2.59% rise. This day marked the third consecutive gain, with a cumulative return of 3.84%. The stock traded above all key moving averages, confirming strong technical momentum. The adjusted beta of 1.20 indicated heightened volatility relative to the market, consistent with the sharp price moves observed.
4 February 2026: Sustained Rally and Sector Outperformance
APL Apollo Tubes Ltd continued its upward trajectory on 4 February, touching a new 52-week high of Rs.2,177 and gaining 1.76% on the day. This performance outpaced the sector by 0.79%, while the Sensex was marginally down by 0.11%. The stock’s four-day consecutive gains amounted to 6.43%, reflecting sustained buying interest. The broader market showed mixed signals, with the Sensex trading below its 50-day moving average but maintaining a cautiously positive medium-term trend. The company’s fundamentals, including a high ROCE of 27.96% and strong net sales growth of 22.70% annually, underpinned investor confidence.
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5 February 2026: New 52-Week High Amid Mixed Market
The stock reached another 52-week high of Rs.2,193.7 on 5 February, gaining 0.29% on the day and outperforming its sector by 0.67%. This marked the fifth consecutive day of gains, with a cumulative return of 6.45%. The Sensex declined 0.37% to 83,503.82, trading below its 50-day moving average, while APL Apollo Tubes maintained its position above all key moving averages. The company’s strong fundamentals, including a net profit growth of 42.9% in the December 2025 quarter and a low Debt to EBITDA ratio of 0.35 times, supported the stock’s resilience amid broader market weakness.
6 February 2026: All-Time High and Weekly Close
On the final trading day of the week, APL Apollo Tubes Ltd hit an all-time high of Rs.2,196, closing at this level with a 0.78% gain. This sixth consecutive day of gains brought the cumulative return over the period to 7.46%. The stock outperformed the Sensex, which rose a modest 0.10% to 36,730.20. Institutional investors hold a significant 53.03% stake, reflecting strong confidence. The company’s Mojo Score of 88.0 and Strong Buy grade further highlight its market leadership. The stock’s valuation remains attractive with a PEG ratio of 0.7 and a Price to Book Value of 13.1, indicating value alongside growth potential.
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Weekly Price Performance: Stock vs Sensex
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-02-02 | Rs.2,079.10 | +1.64% | 35,814.09 | -1.03% |
| 2026-02-03 | Rs.2,137.00 | +2.78% | 36,755.96 | +2.63% |
| 2026-02-04 | Rs.2,174.70 | +1.76% | 36,890.21 | +0.37% |
| 2026-02-05 | Rs.2,181.05 | +0.29% | 36,695.11 | -0.53% |
| 2026-02-06 | Rs.2,198.05 | +0.78% | 36,730.20 | +0.10% |
Key Takeaways
Strong Price Momentum: The stock gained 7.46% over the week, significantly outperforming the Sensex’s 1.51% rise, driven by six consecutive days of gains and multiple new 52-week highs culminating in an all-time high of Rs.2,196.
Robust Fundamentals: High ROCE of 27.96%, net sales growth of 22.70% annually, and net profit growth of 42.9% in the latest quarter underpin the stock’s strong operational performance.
Technical Strength: Consistent trading above all key moving averages (5-day to 200-day) and bullish technical indicators support sustained upward momentum.
Institutional Confidence: Significant institutional ownership at 53.03% reflects strong market trust and liquidity support.
Valuation Metrics: Attractive PEG ratio of 0.7 and Price to Book Value of 13.1 suggest the stock offers value alongside growth potential.
Market Leadership: Ranked top 1% by MarketsMOJO with a Mojo Score of 88.0 and a Strong Buy grade, highlighting its quality and momentum within the mid-cap universe.
Conclusion
APL Apollo Tubes Ltd’s impressive 7.46% weekly gain amid a mixed market backdrop underscores its strong market position and operational excellence. The stock’s ability to consistently hit new highs, supported by solid fundamentals and technical strength, has driven significant outperformance relative to the Sensex. Institutional backing and favourable valuation metrics further reinforce the company’s appeal. While broader market volatility persists, APL Apollo Tubes Ltd’s sustained momentum and leadership in the iron and steel products sector mark it as a noteworthy performer in the current market cycle.
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