APL Apollo Tubes Ltd Surges on Record Value Turnover and Institutional Interest

Trading Activity and Price Momentum

On 23 January 2026, APL Apollo Tubes Ltd (symbol: APLAPOLLO) emerged as one of the most actively traded stocks by value on the Indian equity markets. The company recorded a total traded volume of 9,95,086 shares, translating into a substantial traded value of ₹20,363.14 lakhs. This level of liquidity reflects heightened investor interest and robust market participation.

The stock opened at ₹2,000 and surged to an intraday high of ₹2,070.6, marking a 4.79% rise from the opening price. The last traded price (LTP) stood at ₹2,043.5, representing a day gain of 3.28%, significantly outperforming the Iron & Steel Products sector’s 0.51% and the Sensex’s marginal 0.04% increase. This outperformance highlights the stock’s relative strength within its sector and the broader market.

Technical Strength and Moving Averages

APL Apollo Tubes is currently trading above all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This technical positioning signals a sustained bullish trend and suggests strong underlying momentum. The stock’s consecutive gains over the past two days have yielded an impressive 8.74% return, reinforcing the positive sentiment among traders and investors alike.

Institutional Interest and Delivery Volumes

Institutional participation has notably increased, as evidenced by the delivery volume of 5.3 lakh shares on 22 January 2026. This figure represents a remarkable 109.11% rise compared to the five-day average delivery volume, indicating that long-term investors are accumulating shares rather than engaging in short-term trading. Such rising investor participation often serves as a precursor to sustained price appreciation.

Market Capitalisation and Quality Grades

APL Apollo Tubes commands a market capitalisation of ₹54,762 crore, categorising it as a mid-cap stock within the Iron & Steel Products sector. The company’s market cap grade is rated 2, reflecting its substantial size and liquidity profile. Notably, the stock’s Mojo Score has improved to 88.0, earning it a “Strong Buy” Mojo Grade as of 13 October 2025, an upgrade from its previous “Buy” rating. This upgrade by MarketsMOJO underscores the company’s improving fundamentals and technical outlook.

Liquidity and Trade Size Considerations

Liquidity remains a key strength for APL Apollo Tubes, with the stock’s traded value comfortably supporting sizeable trade sizes. Based on 2% of the five-day average traded value, the stock can accommodate trade sizes of approximately ₹2.42 crore without significant price impact. This level of liquidity is attractive for institutional investors and large traders seeking to enter or exit positions efficiently.

Sectoral Context and Comparative Performance

The Iron & Steel Products sector has experienced moderate gains recently, but APL Apollo Tubes has distinctly outpaced its peers. The stock’s 3.26% one-day return on 23 January 2026 contrasts sharply with the sector’s 0.51% gain, signalling strong relative performance. This outperformance is likely driven by the company’s robust order flow, improving demand outlook, and positive earnings revisions.

Fundamental Strength and Outlook

APL Apollo Tubes’ upgrade to a “Strong Buy” Mojo Grade reflects a comprehensive improvement in its financial and operational metrics. The company benefits from a diversified product portfolio in the steel tubes segment, strong distribution networks, and cost efficiencies that have enhanced margins. Analysts note that the company’s earnings trajectory is expected to improve further, supported by favourable steel prices and infrastructure demand.

Large Order Flow and Institutional Confidence

The surge in delivery volumes and value turnover points to strong institutional confidence in APL Apollo Tubes. Large order flows have been a consistent feature in recent sessions, signalling that mutual funds, insurance companies, and other institutional investors are actively accumulating the stock. This trend is often a precursor to sustained price appreciation as institutional buying tends to be more strategic and long-term oriented.

Risks and Considerations

Despite the positive momentum, investors should remain mindful of sector-specific risks such as volatility in raw material prices, regulatory changes, and global economic factors impacting steel demand. Additionally, the mid-cap status of APL Apollo Tubes implies a degree of price volatility relative to large-cap peers. However, the company’s improving fundamentals and strong market positioning mitigate some of these concerns.

Conclusion

APL Apollo Tubes Ltd is currently exhibiting strong trading activity backed by robust institutional interest and favourable technical indicators. The stock’s recent upgrade to a “Strong Buy” rating by MarketsMOJO, combined with its outperformance relative to sector and benchmark indices, makes it a compelling candidate for investors seeking exposure to the Iron & Steel Products sector. With liquidity levels supporting large trades and a positive earnings outlook, APL Apollo Tubes is well-positioned to sustain its upward trajectory in the near term.

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