Apollo Pipes Limited, among the top 10 leading piping solution providing Company in India, today announced its sales performance for the quarter ended September 30, 2019. The Company delivered a steady sales volume growth of 11%, at 10,306 MTPA compared to 9,271 MTPA in Q2 FY19. This growth was driven by a steady contribution from the cPVC HDPE pipe and value-added product segment of Fittings.
The Company is witnessing a steady revival across its product categories. Going forward, the Company remains confident of improving its sales volumes on the back of Government initiatives, a revival in the demand environment and new upcoming capacities in the coming quarters.
Shares of Apollo Pipes Ltd was last trading in BSE at Rs.393.4 as compared to the previous close of Rs. 390.35. The total number of shares traded during the day was 53334 in over 809 trades.
The stock hit an intraday high of Rs. 398.5 and intraday low of 385. The net turnover during the day was Rs. 20828426.