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Economic Times
14-05-2025
- Business
- Economic Times
Breakout Stocks: How to trade Redington, BSE and APL Apollo after fresh 52-week highs
The Indian market reversed Monday's gains, with the Sensex dropping nearly 1,300 points and the Nifty slipping below 24,600. Despite the broader weakness, BSE, Redington, and APL Apollo hit fresh 52-week highs. Analysts see breakout opportunities in these stocks, citing strong volume trends and bullish price action, with defined upside targets and stop losses for the near term. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads BSE APL Apollo Tubes Tired of too many ads? Remove Ads Redington The Indian market closed in the red on Tuesday, giving up gains from the sharp rally seen in the previous session. The BSE Sensex fell nearly 1,300 points, while the Nifty50 closed below the 24,600 buying was seen in consumer durables, healthcare, and capital goods, while selling pressure emerged in utilities, power, FMCG, and IT that hit fresh 52-week highs included BSE, which surged over 5%, Redington, which rose more than 4%, and APL Apollo Tubes, which pared intraday gains to close 0.6% higher on spoke to an analyst for an educational perspective on how to approach these breakout stocks in the next trading session:The stock broke out of a strong resistance zone between Rs 6,652 and Rs 6,859, where it had been consolidating for the last 20 days. It rallied over 6.12%, or Rs 421, on the breakout that the breakout has occurred, the potential targets are Rs 8,357 (T1) and Rs 9,626 (T2) in the coming weeks. Strong support and a suggested stop loss lie at Rs 6, stock has delivered stellar returns—over 200% in the past year and 62.65% in the last 6 months. On Tuesday, it also registered a new all-time high, breaching the Rs 7,305 is witnessing strong buying interest, and volumes have crossed the 50-day moving average on the daily stock gave a trendline breakout with a strong bullish candle, rising 4.20% or Rs on price action, the potential targets are Rs 2,240 (T1) and Rs 2,624 (T2), with a stop loss at Rs 1, stock has returned 10.35% over the past year and 15.28% in the last 6 is also experiencing strong buying interest, with volumes surpassing the 50-day moving average on the daily time gave a breakout and subsequent retest of the strong resistance zone between Rs 251 and Rs it manages to break and sustain above Rs 260, the potential target is Rs 328.95, with a stop loss at Rs stock has delivered a return of 28.90% in the past year and 46% in the last 6 the others, Redington is also seeing strong volume-backed buying, with volumes crossing the 50-day moving average on the daily chart.: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of The Economic Times)
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Business Standard
08-05-2025
- Business
- Business Standard
APL Apollo Tubes shares gain 3% after Q4 results; check details here
APL Apollo Tubes share price today: Shares of APL Apollo Tubes rose nearly 3 per cent to hit an intraday high of ₹1,709.90 per share on Thursday after the company reported strong fourth quarter (Q4 FY25) results led by healthy volumes and improved margins. At 11:30 AM Thursday, APL Apollo's stock was quoting at ₹1,699, up 2.18 per cent on the National Stock Exchange (NSE). In comparison, the benchmark Nifty50 index was trading flat at 24,413. The stock is just 1 per cent down from its 52-week high of ₹1,728.95, which it touched on May 22, 2024. The structural steel tubes company's total market capitalisation stood at ₹47,062.62 crore. On a year-to-date basis, the stock has surged around 6 per cent compared to a 3.2 per cent increase in the Nifty50 index. APL Apollo Tubes Q4 FY25 results update The company reported a net profit of ₹293 crore, up 72 per cent year-on-year (Y-o-Y) compared to ₹170.4 crore in the year-ago period. Revenue increased 15.6 per cent Y-o-Y to ₹5,508.6 crore from ₹4,765.7 crore in the March 2024 quarter. The company's earnings before interest, tax, depreciation and amortisation (Ebitda) came in at ₹413.7 crore, up 47.5 per cent from ₹280.4 crore in the corresponding quarter of the previous fiscal. The board of APL Apollo Tubes has reported a final dividend of ₹5.75 per share at a face value of ₹2 each for FY25. Analysts at brokerage Motilal Oswal Financial Services (MOFSL) expect sustained volume growth for APL Apollo, which will be led by capacity expansion in key markets, new product additions, and higher exports. The company's margin improvement would follow, driven by cost optimisation, increased automation, and a rising mix of value-added products, supporting stable growth in Ebitda per metric tonne. MOFSL has maintained a 'Buy' rating on the stock with a target price of ₹1,920. About APL Apollo Tubes APL Apollo is the largest producer of structural steel tubes in India. Based in Delhi, the company operates 10 manufacturing units across the country. It manufactures over 1,500 varieties of MS Black Pipes, Galvanised Tubes, Pre-Galvanised Tubes, Structural ERW Steel Tubes and Hollow Sections. It caters to several industries, including urban infrastructures, housing, irrigation, solar plants, greenhouses and engineering.
Business Standard
07-05-2025
- Business
- Business Standard
APL Apollo Tubes rises as Q4 PAT climbs 72% YoY to Rs 293 cr
APL Apollo Tubes added 2.99% to Rs 1,662.85 after the company's consolidated net profit rallied 71.97% to Rs 293.11 crore, driven by a 16.57% jump in revenue from operations to Rs 5,324.35 crore in Q4 FY25 over Q4 FY24. Sales volume for the quarter stood at 850 thousand tons, up 25.18% from 679 thousand tons in the corresponding period last year. Profit before tax (PBT) rose 62.16% to Rs 358.73 crore in Q4 FY25 from Rs 221.22 crore in the same period a year ago. EBITDA grew 23.60% to Rs 413.7 crore, while EBITDA per ton improved by 17.72% to Rs 486.4 in Q4 FY25. Total expenses rallied 13.62% to Rs 5,184.79 crore in Q4 FY25, compared to Rs 4,563.09 crore reported in Q4 FY24. The cost of materials consumed stood at Rs 4,301.05 crore (up 12.93% YoY), and employee benefit expenses were at Rs 75.36 crore (up 7.58% YoY) during the period under review. On a full-year basis, the company's net profit jumped 3.36% to Rs 757.06 crore on a 14.22% rise in revenue to Rs 92.98 crore in FY24 over FY23. In a strategic move to boost production, the board approved a capital expenditure of Rs 1,500 crore to expand manufacturing capacity from 4.5 million tonnes to 6.8 million tonnes, indicating a positive growth outlook. Meanwhile, the company also announced a final dividend of Rs 5.75 per share for FY25. Sanjay Gupta, chairman of APL Apollo, said, The company has reported its strongest quarterly and yearly performance, achieving record-high sales volume, revenue, EBITDA, and net profit. This outstanding performance came despite the challenging macroeconomic environment, global trade uncertainty, and slowdown in Indian government spending. For FY25, the companys volume increased 21% YoY, which exceeded overall industry growth. We remain focused on innovation and delivering the best customer experience to further enhance our leadership position in the industry. We continue to remain prudent with our working capital management, which remains the best in the construction material sector. APL Apollo Tubes is Indias leading structural steel tube manufacturer. APL Apollos multi-product offerings include over 2,500 varieties for multiple building material structural steel applications. With state-of-the-art manufacturing facilities, APL Apollo serves as a one-stop shop for a wide spectrum of products, catering to an array of industry applications such as urban infrastructure and real estate, rural housing, commercial construction, greenhouse structures, and engineering applications.
