June 16, 2016 / 12:04 IST
Dynamic Levels research report on APL Apollo Tubes
APL Apollo is the fastest growing steel tube manufacturer in India, and has attained pole position in this category. The company is headquartered in Delhi NCR, and has six manufacturing facilities that are located in:
1. Sikandrabad (3 units) (Uttar Pradesh)
2. Bangalore (Karnataka)
3. Hosur (Tamil Nadu)
4. Murbad (Maharashtra)
The Company’s vast distribution network is spread all across India, with warehouses cum-branch offices in 20 cities. The company’s product basket today boasts of over 400 products. The company believes that developing new and innovative products is a key driver to profitable growth. These products find widespread use in structural applications in urban infrastructures, housing, irrigation, solar plants, greenhouses and engineering applications. Today, the company is globally recognized as one of the lowest cost producers!
We recommend BUY in APL APOLLO @ 850-860 with the target of 1080.
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