Name: Latest research reports of APL Apollo Tubes Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: APL Apollo Tubes Ltd.
Rating: 5
Author: ICICI Securities Limited

Sound prospects ahead

Buy: APL Apollo Tubes Ltd.

Target

ICICI Securities Limited

APL Apollo’s (APL) performance undershot consensus estimates. Key takeaways:
1) Margin was impacted by channel destocking leading to higher discounts to
distributors.