NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Yes Securities Report
We initiate coverage on APL Apollo Tubes Ltd. with a Buy rating on the following conviction-
company’s substantial ~55% market share in the buoyant structural steel tubes industry (HRC Coil based),
growth boost from new capacities,
higher share of value-added products,
remarkable product innovation and growing industry applications
healthy free cash flow generation and superior return ratios.
Click on the attachment to read the full report:
Also Read: SBI - Ruling The Roost; Motilal Oswal Reiterates Buy With A Revised Target Price Of Rs 1,015
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