#APLAPOLLOTUBES
APL APOLLO TUBES
A strong funda stock.
Going through tech correction phase.
Will be keen to see if it takes support at TL (Around 790-800)
If it is weak at TL support too then will wait for 760 to start adding more.
Till 730.
Results soon:
Expecting good Results like it has done for past many quarters.
Merger with Apollo tricoat on the way.
Capex going on.
Risk:
Increase in RM/Steel prices will hurt margins.
#VR
APL APOLLO TUBES
A strong funda stock.
Going through tech correction phase.
Will be keen to see if it takes support at TL (Around 790-800)
If it is weak at TL support too then will wait for 760 to start adding more.
Till 730.
Results soon:
Expecting good Results like it has done for past many quarters.
Merger with Apollo tricoat on the way.
Capex going on.
Risk:
Increase in RM/Steel prices will hurt margins.
#VR