APL Apollo had in the past acquired a 200,000 MTPA tube manufacturing unit from Shankara in April 2019 for Rs 70 crore. Analysts noted that...

Proposed investment into Shankara to strengthendistribution of structural steel tubes

The company said on Monday that said a wholly-owned subsidiary of APL Apollo Tubes, APL Apollo Mart, had bought 10,00,000 equity shares of ...

The shares were bought from promoter Sukumar Srinivas at Rs 755 per share.

The stock quoted a 52-week high of Rs 1270.0 and a 52-week low of Rs 241.0.

Hold Shankara Building Products Ltd. at a price target of Rs 650.

The shares of the company got listed at 21 per cent premium over the issue price on NSE.

Brokerage firm Equirus has ‘Buy’ rating on Shankara with a target price of Rs 1,859.

Since listing, the scrip has jumped 118% from Rs 632 on April 5 to trade at Rs 1,460 on October 25.

ICICI Direct has a buy call on Shankara Building Products at a target Rs 1,250-1,400 and a timeframe of 18 months

The Rs 350-crore IPO, which was sold between March 22 and March 24, received overwhelming response with investors bidding for 41.88 times t...

The issue price for the issue, which was sold between March 22 and March 24, has been set at Rs 460.

On EV/Sales, the stock is valued at 0.6 times, while it is valued at 19 times its earnings per share (EPS) on 9MFY17 annualised basis (post...

The IPO received bids for 21.84 crore shares against the total issue size of 52.94 lakhs shares, according to exchange data at 7 pm.

So far this year, Music Broadcast and leading stock exchange BSE have got listed. Many companies, including the BSE-promoted CDSL, are read...

The company is one of the leading organised retailers of home improvement and building products in India based on the number of stores.

With this acquisition, APL Apollo would strengthen its capacity from 400,000 TPA to 490,000 TPA.