APL Apollo Tubes jumps as company bags designing projects

APL Apollo Tubes jumps as company bags designing projects

Last Updated: Thu, Jan 12, 2017 15:48 hrs
People look at a screen displaying the Sensex on the facade of BSE building in Mumbai

APL Apollo Tubes Limited shares had a good outing on Thursday following an announcement from the company that it has recently received patents from the Indian Patent Office for two new product designs.

The stock rallied to Rs 1089 earlier in the day. It closed at 992, it is up 3.64% from its previous closing mark.
On NSE, the APL Apollo Tubes counter has clocked a volume of a little over in the session.



On BSE, the APL Apollo Tubes counter has clocked a volume of over 1.3 lakh shares.

APL Apollo Tubes Limited posted consolidated net profit of Rs 33.66 crore on 12.9% decline in net sales to Rs 927.99 crore, in the September 2016 quarter, compared to year-ago quarter.

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