APL Apollo Tubes - Robust Volumes Aided By Improving On-Ground Situation: Motilal Oswal

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Motilal Oswal Report.APL Apollo Tubes Ltd.’s long-term growth story remains intact underpinned by growing application and rising consumption of structural steel tubes in residential and commercial buildings, warehouses, factories, agriculture and other infrastructure works. The industry, post-inventory destocking in the last quarter because of higher steel prices, is now witnessing channel re-stocking led by correction in steel prices. From our channel checks, we sense the overall demand scenario to be better with channel re-stocking happening in anticipation of a stable or marginally higher steel price. Primary steel (hot rolled coil) price declined from the all-time high level and accordingly the gap between primary and secondary steel prices narrowed. Overall margins of APL Apollo Tubes are expected to get a boost with the commissioning of Raipur plant by Q3 FY23, which offers value-added products..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

APL Apollo Tubes - Robust Volumes Aided By Improving On-Ground Situation: Motilal Oswal

APL Apollo Tubes' long-term growth story is intact due to growing application of structural steel tubes in infrastructure works.

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