The board of directors of APL Apollo Tubes Ltd has recommended a final dividend of Rs. 5/- per equity share of face value of Rs. 2/- each i.e., 250% for the financial year ended 31st March, 2023.
Shares of APL Apollo Tubes have logged stellar returns for investors in the last three years. APL Apollo Tubes shares, which closed at Rs 127.42 on March 27, 2020 hit a high of Rs 1222 on March 27, 2023, translating into gains of 859 per cent during the period. It suggests the stock has grown over nine times in the last three years. In comparison, Sensex has risen 116 per cent during the period. An investment of Rs 1 lakh in the APL Apollo Tubes stock a year ago would have grown to Rs 9.59 lakh today. The stock closed at Rs 1208 in the previous session. It was trading flat at Rs 1200 in early trade today. The large cap stock also hit a high of Rs 1222 on BSE. APL Apollo Tubes stock has gained 10% this year and risen 33.44% in a year. The stock hit a 52-week high of Rs 1336 on February 17, 2023 and a 52-week low of Rs 801.40 on May 12, 2022.
The Board of Directors of APL Apollo Tubes Limited, at its meeting held today have approved the financial results of the company for the period ended December 31, 2022 - Q3FY23 and 9MFY23.