APL Apollo impresses in Q3, but the stock looks expensive
The stock of APL Apollo Tubes Ltd rose around 4% on Friday, hitting a new 52-week high of ₹2,070.60. The Street cheered its December quarter (Q3FY26) earnings and upbeat management commentary which signaled better earnings growth visibility. Among the highlights, volumes rose 11% year-on-year to 917,000 tonnes, which is the highest quarterly volume ever. This…

