bullish
APL Apollo Tubes - Destocking Dents EBITDA/T, Growth Levers Still Intact; Maintain BUY
APL Apollo Tubes (APAT) results missed ours and the street's expectations on the margins front. EBITDA/t at Rs 3,850/t (down 26%/16% YoY/QoQ) missed ours and streets estimate of ~Rs 4,400/t
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