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APL Apollo Tubes surges 6%, hits fresh high ahead of 1:1 bonus issue

The company has fixed September 18, 2021, as the record date for the purpose of ascertaining the eligibility of shareholders entitled for issuance of bonus equity shares of the company

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SI Reporter Mumbai
Shares of APL Apollo Tubes hit a record high of Rs 1,874.95 as they surged 6 per cent on the BSE in intra-day trade on Wednesday ahead of the 1:1 bonus shares. The stock of the iron and steel products company has surpassed its previous high of Rs 1,850 touched on July 28, 2021.

Meanwhile, Apollo Tricoat Tubes (Tricoat), the group company stock was up 4 per cent at Rs 1,715 on the BSE. The stock is trading close to its record high level of Rs 1,757 hit on August 9, 2021.

The board of directors of APL Apollo Tubes and Apollo

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