The company which operates the fintech platform Paytm is expected to trigger passive inflows in India to the tune of $160 million according to Nuvama s estimates.
Buying action was more visible in the broader market as the smallcap index rallied over 1% with Welspun Corp, Engineers India and Swan Energy rallying 7-9% each.
APL Apollo Tubes Ltd., incorporated in the year 1986, is a Mid Cap company (having a market cap of Rs 44476.93 Crore) operating in Metals - Ferrous sector.
The steel tube maker s consolidated profit rose 35% to 2.03 billion rupees ($24.40 million) in the second quarter, but missed analysts average estimate of 2.22 billion rupees, according to LSEG data.
Team Pumpkin bags social media mandate of APL Apollo: Best Media Info bestmediainfo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bestmediainfo.com Daily Mail and Mail on Sunday newspapers.