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The article reports on the positive performance of APOLLO TUBES stock, which has increased by 4% on the day, currently trading at Rs 1,480.4. This rise coincides with a positive trend in the BSE METAL index, which has climbed by 1.1% to reach 32,011.7. Among the top performers in the BSE METAL index are Vedanta, up 3.0%, and Jindal Steel, up 2.9%. On the other hand, Coal India (down 0.6%) and Hindalco (down 0.2%) are among the top losers today.
Looking at the longer-term performance, APOLLO TUBES has experienced a decline over the past year, dropping from Rs 1,728.9 to its current price, a loss of Rs 248.5 (down 14.4%). In contrast, the BSE METAL index has seen a considerable gain during the same period, rising from 23,528.2 to 32,011.7, a gain of 36.1%. Notable contributors to this positive performance within the BSE METAL index over the past year include Vedanta (up 91.0%), Coal India (up 76.6%), and Hindustan Zinc (up 55.6%).
The article also provides an update on the financial performance of APOLLO TUBES. For the quarter ending June 2024, the company reported a 0.2% year-on-year decrease in net profit, reaching Rs 1,932 million compared to Rs 1,936 million the previous year. However, net sales saw a 9.4% increase to Rs 49,743 million during this period, up from Rs 45,449 million in the same period the previous year. Looking at the full year ended March 2024, APOLLO TUBES showed a 14.1% increase in net profit, reaching Rs 7,324 million compared to Rs 6,419 million in FY23. Revenue for the company grew 12.1% to Rs 181,188 million during FY24.
The article concludes with the current Price to Earnings ratio of APOLLO TUBES, based on rolling 12-month earnings, which stands at 56.1. The article also provides details about the performance of other stocks, both gainers and losers, across various timeframes, including daily, weekly, monthly, yearly, and 3-year and 5-year periods.
In addition to the specific information about APOLLO TUBES, the article also provides broader market context by reporting on the performance of benchmark indices like the BSE Sensex and NSE Nifty. The BSE Sensex is currently at 82,914.3 (down 0.1%), with ITC and MUNDRA PORT & SEZ being the top losers. Tata Steel and NTPC are the most traded stocks in the BSE Sensex. The NSE Nifty is at 25,364.8 (down 0.1%), with SBI LIFE INSURANCE and HDFC LIFE INSURANCE among the top losers. Over the past 12 months, the BSE Sensex has seen a gain of 23.5%, moving up from 67,127.1 to 82,914.3.