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'Buy' APL Apollo Tubes To Get An Upside Of 24%, Says Motilal Oswal — Here's Why
Motilal Oswal has a Buy call on APL Apollo with a target price of Rs 1,830, and adds demand revival in Q4 to drive healthy volume growth.
25 Feb 2025, 08:26 AM IST 
APL Apollo Tubes, being the market leader, delivered healthy volume growth in 9M FY25, though at the expense of margins, which took a major hit.
(Photo Source: APL Apollo Tubes Ltd.)
In the long term, the brokerage believes APL Apollo would sustain its earnings momentum on the back of - growing demand across segments, increased product penetration with a robust distribution network, rapid capacity expansion (Dubai and eastern markets), an increase in the share of value-added-product, thus driving margins, and its market leadership.
