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US-based Capital Group through its affiliate New World Fund Inc acquired shares of APL Apollo Tubes on the National Stock Exchange (NSE).

Capital Group buys 1% stake in APL Apollo Tubes for Rs 446 crore

BAT executed a block deal on March 13 to sell Rs 16,775 crore in the company or equivalent to $2 billion. BAT plans to use the proceeds from the stake sale to buy back its own shares over a period ending in December 2025.

Bulk deals: Singapore govt, ICICI Prudential buy stake in ITC after BAT's stake sale

Sharekhan is bullish on APL Apollo Tubes has recommended buy rating on the stock with a target price of Rs 2000 in its research report dated January 29, 2024.

Buy APL Apollo Tubes; target of Rs 2000: Sharekhan

APL Apollo Tubes Ltd. engages in the manufacture and sale of electronic resistance welded steel tubes. Its products are classified into hollow sections, MS black round, pre-galvanized and galvanized tubes. The company was founded by Sudesh Gupta on February 24, 1986 and is headquartered in Ghaziabad, India.

APL Apollo Tubes Ltd.

52-Wk High	1,800.00
52-Wk Low	1,047.00

APLAPOLLO.NSE APL Apollo Tubes Ltd.

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