The worst performer among the 10 stocks has delivered 26 per cent return year to date, which is more than double of Sensexs 9.47 per cent gain during this period.
Even though the 50-scrip Nifty rose for the sixth straight session and closed at lifetime high, it formed an indecisive Doji on the daily chart, signalling weakness and some profit booking ahead.
The branded structural steel tube company on Thursday registered an 8.67% rise in sales volume to 435,348 ton in Q4 FY21 compared with 400,616 ton in Q4FY20.The company registered sales volume of growth of 0.43% to 16,40,353 ton in FY21 from 16,33,310 ton recorded in FY20, despite Covid-19 disruptions. This highlights APL Apollo s strength in maintaining its dominant leadership in structural steel tubes market and increasing its market share to 50% from 40% since March 2020, the company said in a press release.
On a sequential basis, total sales declined 10.34% last quarter from 485,579 ton reported in Q3FY21.
Shares of APL Apollo Tubes were trading 5.33% lower at Rs 1325.90 on BSE.