Apollo Pipes' posts sales volume of 11,445 ton in Q3FY21, +7% YoY

Apollo Pipes Limited, among the top 10 leading piping solution providing Company in India, today announced its sales performance for the quarter ended December 31, 2020. The Company reported a sales volume of 11,445 ton in Q3FY21, an increase of 7% as compared to 10,712 ton in Q3FY20. This growth was driven by contribution from across product categories including value-added products.

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.713.7 as compared to the previous close of Rs. 675.55. The total number of shares traded during the day was 17983 in over 1904 trades.

The stock hit an intraday high of Rs. 725.15 and intraday low of 675.8. The net turnover during the day was Rs. 12717900.

Source : Equity Bulls

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