Suggested buy price:38(6.4.2009)
Story:Scripscan:Bihar Tubes Ltd(APL Apollo Tubes Ltd)
Story:Bihar Tubes is a leading manufacturer of galvanised steel tubes, structural pipes, black pipes and pre-galvanised pipes. The company operates in a steel tubes industry which is likely to grow 30-35% in the coming years due to the government’s thrust on infrastructure development.The company has been looking to cash in on this opportunity and is expanding its production facilities to a significant extent. Bihar Tubes has been making structural shifts in the production of pipes and is diversifying into specialty pipes manufacturing.The structural shift in products by entering into specialty products will allow the company to increase its operating profit margins to rise in the coming years.Its quoting at an attractive valuations and investors would do well to hold the counter as of now.
Present update:APL Apollo Tubes Ltd is the new name of Bihar tubes.As can be seen under the immense tough condition in stock market the company has provided an amazing 415% returns.Financially too numbers are getting just better and better.Ride the momentum and hold on for more future gains.