Espresso shot of the day – Apollo Pipes Ltd up by 19.99 percent

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Espresso shot of the day – Apollo Pipes Ltd up by 19.99 percent

March 12, 2021
Espresso shot of the day – Apollo Pipes Ltd up by 19.99 percent

APOLLO PIPES LTD 882.95 (+19.99%)  BSE – INE126J01016| 12TH MARCH 2021

The company is headquartered in Delhi and among the market leader in piping and related products segment under brand name of APL Apollo. The company cherishes a strong reputation for the high quality products and strong distribution network. The reputed and experienced Management Team of Apollo Pipes Ltd. is led by young, energetic and dynamic leader, Mr. Sameer Gupta. Entire management team and employees are motivated to achieve higher levels of corporate excellence, customer’s satisfaction and strengthen investors trust in Apollo Pipes Ltd. With more than 3 decades of experience in the Indian Pipe Market, we have witnessed the strong fundamentals for growth in the pipe industry in India. Apollo Pipes Ltd. has witnessed higher growth to best quality management practices and supplemented with increase in sales due to best quality management duly supplemented with serving the customers with utmost sincerity. Outstanding competence, extraordinary team spirit and visionary management are the key contributors to our success.

Recent Drivers

  • Apollo Pipes Ltd. reported quarterly Net Profit at Rs 16.33 crores in December 2020 up 144.98% from Rs 6.67 crores in December 2019.
  • Apollo Pipes Ltd. reported Net Sales at Rs 128.06 crores in December 2020 up 28.04% from Rs 100.02 crores in December 2019.
  • Apollo Pipes Ltd. reported EBITDA stands at Rs 27.34 crores in December 2020 up 102.07% from Rs 13.53 crores in December 2019.
  • On 11th February 2021, CRISIL Ratings upgraded its rating on the long-term bank facilities of APL Apollo to ‘CRISIL AA/Stable’, and reaffirmed the rating on the short-term bank facility and commercial paper programme at ‘CRISIL A1 Plus’.
  • On 11th February 2021 India's first 'Buying Club' for SMEs, Power2SME signed a Memorandum of Understanding (MoU) with Directorate of MSME, Government of Haryana, under the guidance of Chief Minister, Manohar Lal. Power2SME works with established and trusted suppliers such as Apollo Pipes, SAIL, TATA Steel, ESSAR Steel, JSW, Rathi Steel, Victor Exim, Balaji Enterprise, POSCO Steel, JSL, and many more.
 (Sources: MoneyControl, Business Standard, Business World)

Technical Force*

  • S&P BSE ALL CAP month till date gain up by 4.31%
  • Traded on new 52- week high 883.00, stock is trading in uncharted territory
  • Touched upper circuit 883.00
  • Spurt in volume by more than 8.17 times compares to previous vol. 3 months avg qty – 4,785
  • Quantity traded 35,077 deliverable quantities 12,350(35.21%)
  • Stock price has jumped more than 280% from one year low level – 220.00 24 March 2020
  • Daily RSI (14) is in overbought territory for today, RSI central line crossed above central line 10 periods ago
  • 52 -week high – 883 | 52- week low- 220

Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

1389.05

1057.10

883.90

551.95

378.75

46.80

-

-

Fibonacci Pivot

1057.10

864.13

744.92

668.13

551.95

435.77

358.98

239.77

46.80


Today’s Close

882.95

SMA

BSE

10 DAY

741.26

20 DAY

715.61

50 DAY

711.96

200 DAY

509.54

Some Key Ratios (Source: BSE)

Market Cap: 1,157.56 crores

PE: 34.02

OPM%: 20.86

ROE%: 10.70

Promoters holding : 52.03

Prev. Close: 735.85

*Chart And Technical Force data taken from the Binge desktop app.

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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.