APL Apollo has receives credit rating from ICRA on the bank loan facilities of the company as follows -

Long term bank facilities - ICRA AA/ Stable (revised from ICRA AA-/ Positive)
Short term bank facilities - ICRA A1+ (reaffirmed)

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APL Apollo Tubes has allotted 3,13,500 equity shares under ESOS. Consequently, the paid-up Equity Share Capital of the Company stands increased from Rs 49,95,84,000/- comprising 24,97,92,000 equity shares of Rs 2/- each to Rs 50,02,11,000/- comprising 25,01,05,500 equity shares of Rs 2/- each.

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APL Apollo Tubes Ltd rose for a fifth straight session today. The stock is quoting at Rs 867.25, up 0.56% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.49% on the day, quoting at 18005.25. The Sensex is at 60333.28, up 0.44%. APL Apollo Tubes Ltd has dropped around 1.25% in last one month.

Meanwhile, Nifty Metal index of which APL Apollo Tubes Ltd is a constituent, has dropped around 0.78% in last one month and is currently quoting at 5697.95, up 0.41% on the day. The volume in the stock stood at 2.22 lakh shares today, compared to the daily average of 5.9 lakh shares in last one month.

The PE of the stock is 96.5 based on TTM earnings ending September 21.

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Net profit of APL Apollo Tubes rose 42.53% to Rs 131.30 crore in the quarter ended September 2021 as against Rs 92.12 crore during the previous quarter ended September 2020. Sales rose 39.77% to Rs 2977.51 crore in the quarter ended September 2021 as against Rs 2130.30 crore during the previous quarter ended September 2020.

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