Buy APL Apollo Tubes, target price Rs 1670: Kotak Securities

Kotak Securities Limited has buy call on APL Apollo Tubes with a target price of Rs 1670. The current market price of APL Apollo Tubes Ltd. is Rs 1638.

Time period given by analyst is Intra Day when APL Apollo Tubes Ltd. price can reach defined target.

APL Apollo Tubes Ltd., incorporated in the year 1986, is a Mid Cap company (having a market cap of Rs 20206.30 Crore) operating in Metals - Ferrous sector.


Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 2544.51 Crore, down -2.12 % from last quarter Total Income of Rs 2599.61 Crore and up 128.27 % from last year same quarter Total Income of Rs 1114.68 Crore. Company reported net profit after tax of Rs 168.42 Crore in latest quarter.

Investment Rationale
Strong Marubozu candlestick pattern which suggests a bullish trend in coming sessions.