Neutral APL Apollo Tubes Ltd Book Profit For Target Rs. 1,835 - Sushil Finance
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We had initiated coverage on APL Apollo Tubes Ltd with a Buy rating on March 31st, 2021 at Rs.1,394 for a target price of Rs.1,835 showcasing an upside of ~40%.
With the recent run-up in the share price the stock has met our target price. Hence, we advise our investors to book profits at current levels as we close our recommendation on the stock and change our rating to NEUTRAL.
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