Key Events This Week
Jan 27: New 52-week high of Rs.2,087 reached
Jan 27: Sharp surge in derivatives open interest signals bullish positioning
Jan 28: Stock hits new 52-week and all-time high of Rs.2,088
Jan 29: New 52-week and all-time high of Rs.2,150 recorded
Jan 30: Week closes at Rs.2,045.55, down 0.36% on the day
27 January: New 52-Week High and Surge in Derivatives Activity
APL Apollo Tubes Ltd began the week on a strong note, hitting a new 52-week high of Rs.2,087 on 27 January 2026. The stock closed at Rs.2,060.85, up 2.99% on the day, significantly outperforming the Sensex’s 0.50% gain. This price milestone reflected a 63.8% appreciation from the 52-week low of Rs.1,273.3, underscoring the stock’s robust momentum.
Alongside the price surge, the derivatives market saw a sharp increase in open interest, rising 16.05% to 48,595 contracts. This was accompanied by strong volume of 59,891 contracts and a notional futures value of approximately ₹1,88,467 lakhs. The concurrent rise in price and open interest suggests fresh bullish bets rather than short covering, signalling growing investor confidence.
Technically, the stock traded above all major moving averages, reinforcing the bullish trend. The surge in delivery volumes to 7.05 lakh shares on 23 January, a 160.3% increase over the five-day average, further supported the positive sentiment.
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28 January: Continuation of Rally to New Highs
The upward momentum continued on 28 January, with APL Apollo Tubes Ltd reaching a new 52-week high of Rs.2,088 and an all-time high close just shy of this level. The stock closed at Rs.2,089.95, up 1.41%, while the Sensex gained 1.12%. Although the stock slightly underperformed its sector by 0.51%, it maintained its position above all key moving averages, signalling sustained strength.
This day marked the fourth consecutive session of gains, cumulatively delivering an 11.08% return over this period. The company’s strong fundamentals, including a 42.9% net profit growth in the December 2025 quarter and record quarterly net sales of Rs.5,815.13 crore, underpinned this performance.
Institutional investors continue to hold a significant 53.03% stake, reflecting confidence in the company’s growth trajectory. The stock’s Mojo Score of 88.0 and upgraded Mojo Grade of Strong Buy further highlight its market standing.
29 January: New Peak Despite Market Volatility
On 29 January, APL Apollo Tubes Ltd achieved a new 52-week and all-time high intraday price of Rs.2,150, representing a 2.87% increase on the day. However, it closed slightly lower at Rs.2,052.90, down 1.77%, amid a broadly negative market environment where the Sensex declined 0.49%.
This price peak marked a 68.8% gain from the 52-week low, demonstrating the stock’s resilience despite broader market pressures. The stock remained above all major moving averages, maintaining its technical strength.
The company’s strong financial metrics, including a ROCE of 27.96%, ROE of 22.8%, and a low Debt to EBITDA ratio of 0.35 times, continue to support its valuation. The PEG ratio of 0.6 suggests the stock remains attractively priced relative to its earnings growth.
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30 January: Week Closes with Minor Pullback
The week concluded on 30 January with a slight decline in APL Apollo Tubes Ltd’s stock price, closing at Rs.2,045.55, down 0.36% on the day. The Sensex also fell 0.22%, closing at 36,185.03. Despite this minor pullback, the stock ended the week with a solid 2.23% gain from the previous Friday’s close of Rs.2,001.00, outperforming the Sensex’s 1.62% rise.
This slight correction followed a strong rally and is typical after multiple consecutive gains. The stock’s technical indicators remain positive, trading above all major moving averages, and its fundamentals continue to support its valuation and growth prospects.
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-01-27 | Rs.2,060.85 | +2.99% | 35,786.84 | +0.50% |
| 2026-01-28 | Rs.2,089.95 | +1.41% | 36,188.16 | +1.12% |
| 2026-01-29 | Rs.2,052.90 | -1.77% | 36,266.59 | +0.22% |
| 2026-01-30 | Rs.2,045.55 | -0.36% | 36,185.03 | -0.22% |
Key Takeaways
APL Apollo Tubes Ltd demonstrated strong price momentum this week, hitting multiple new 52-week and all-time highs, with a cumulative weekly gain of 2.23%, outperforming the Sensex by 0.61%. The stock’s technical strength is evident in its consistent trading above all major moving averages and robust delivery volumes.
Fundamentally, the company’s impressive financial metrics—including a 42.9% net profit growth in the latest quarter, a high ROCE of 27.96%, and a low Debt to EBITDA ratio of 0.35 times—support its valuation and growth narrative. Institutional ownership remains strong at 53.03%, reflecting sustained confidence from well-informed investors.
The sharp rise in derivatives open interest and volume on 27 January signals bullish market positioning, with fresh long bets likely driving the rally. Despite a minor pullback on the final trading day, the overall trend remains positive, supported by solid fundamentals and market recognition.
Investors should note the cyclical nature of the iron and steel sector and monitor commodity price trends and input costs, which may influence near-term volatility. However, the company’s consistent earnings growth and operational efficiency provide a strong buffer against sectoral fluctuations.
Conclusion
APL Apollo Tubes Ltd’s performance over the week ending 30 January 2026 highlights its position as a market leader within the iron and steel products sector. The stock’s ability to set new highs amid mixed market conditions, supported by strong financial results and increased market participation, underscores its resilience and growth potential.
With a Mojo Score of 88.0 and a Strong Buy grade, the company continues to attract institutional interest and maintain robust technical momentum. While short-term volatility may arise, the fundamental strength and market positioning of APL Apollo Tubes Ltd provide a solid foundation for sustained performance in the medium term.
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