Item: APL Apollo Tubes Ltd.
Rating: 5
Author: Axis Direct

Result Update:APL Apollo Tubes

Buy: APL Apollo Tubes Ltd.

Axis Direct

Maintain BUY and revise TP to Rs. 1,054/share (Rs. 713 earlier) as we now value the stock on PE basis from EV/EBITDA earlier owing to significant reduction in debt and overall improvement in balance sheet.

Comment

Name	Companies Held
Hitesh Ramji Javeri and As...	50
Mahendra Girdharilal	50
Sangeetha S	50
Sharad Kanayalal Shah and ...	50
Dheeraj Kumar Lohia and As...	46

Name	Companies Held
Hdfc Trustee Company Limited	65
Birla Sun Life Trustee Com...	50
Government Pension Fund Gl...	50
Hdfc Standard Life Insuran...	50
Icici Prudential Life Insu...	50

Name	Returns(%)
Name	Week	Month	Year
Sundaram Select Focus - Reg - G	-0.01%	-2.60%	24.49%
HDFC Balance Advantage Fund - Reg - G	1.17%	-1.43%	7.97%
Reliance Large Cap Fund - Reg - G	3.11%	-1.28%	5.12%
BARODA MULTI CAP FUND - Reg - G	2.63%	-2.36%	3.94%
HDFC Growth Opportunities Fund - Reg - G	2.40%	-2.06%	3.87%

Name	Returns(%)
Name	Week	Month	Year
Motilal Oswal Midcap 30 Fund (MOF30) - Reg - G	3.92%	-1.42%	19.27%
L&T Emerging Businesses Fund - Reg - G	1.59%	-2.96%	10.23%
Axis Small Cap Fund - Reg - G	1.99%	-2.21%	9.92%
SUNDARAM SELECT MICRO CAP SERIES X - Reg - G	0.00%	0.00%	9.63%
Reliance Small Cap Fund - Reg - G	1.94%	-1.90%	8.84%

Name	Returns(%)
Name	Week	Month	Year
SBI EQUITY OPPORTUNITIES FUND - SERIES IV - Reg - G	0.04%	4.61%	66.00%
Principal Emerging Bluechip Fund - Reg - G	2.55%	2.89%	38.89%
Sundaram Value Fund Series III - Reg - G	0.00%	0.00%	38.76%
Baroda Mid-cap Fund - Reg - G	2.67%	-3.84%	26.13%
DSP 3 Years Close Ended Equity Fund (Maturity Date 4-Jan-2021) - Reg - G	0.00%	0.00%	26.02%