Published on 14/09/2021 12:37:15 PM | Source: Accord Fintech

APL Apollo Tubes jumps as its 6 innovative products gets registrations from Patent Office

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APL Apollo Tubes is currently trading at Rs. 1886.00, up by 31.20 points or 1.68% from its previous closing of Rs. 1854.80 on the BSE.

The scrip opened at Rs. 1869.00 and has touched a high and low of Rs. 1889.40 and Rs. 1841.60 respectively. So far 12949 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1908.70 on 13-Sep-2021 and a 52 week low of Rs. 460.00 on 24-Sep-2020.

Last one week high and low of the scrip stood at Rs. 1908.70 and Rs. 1765.25 respectively. The current market cap of the company is Rs. 23459.84 crore.

The promoters holding in the company stood at 36.88%, while Institutions and Non-Institutions held 35.08% and 28.04% respectively.

The Office of the Controller General of Patents, Designs & Trademarks has recently granted six registrations to the innovative products of APL Apollo Tubes. With these fresh registrations, the overall portfolio of these registrations for APL Apollo Tubes has risen to 15.

This is an affirmation of the company’s innovative aspiration to redefine how infrastructure development is planned in India. Structural Tubes provide the ability to design with flexibility, without compromising on the durability and strength of the structure. In addition to this, construction with Tubular Steel Structures is faster with better seismic resistance and the resultant structure has higher carpet area, all at substantially lesser costs than conventional construction models, including RCC structures.

APL Apollo Tubes is a leading manufacturer and exporter of Steel Pipes & Tubes, Aluminised Steel Tubes, Black Steel Tubes, Hot Dipped & Pre Galvanised Steel Tubes, Fence Tubes and Structural Steel.

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