Apollo Pipes Ltd reports sales volume of 12,268MT in Q2FY21

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, 2020. The Company reported a healthy growth of 12,268 MT in Q2FY21, an increase of 19% as compared to 10,306MT in Q2FY20. This growth was driven by contribution from across product categories including value-added product segment of fittings.

The Company anticipates further improvement in sales performance over the next few quarters on the back of better demand environment combined with an uptick in utilization levels.

Shares of Apollo Pipes Ltd was last trading in BSE at Rs.393.05 as compared to the previous close of Rs. 393.85. The total number of shares traded during the day was 579 in over 75 trades.

The stock hit an intraday high of Rs. 396.05 and intraday low of 383.45. The net turnover during the day was Rs. 225509.

Source : Equity Bulls

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