APL Apollo Tubes Limited
DSP Mutual Fund increased its stake in APL Apollo Tubes from 1.69% to 1.80%, raising its shareholding from 4,698,961 to 4,984,760 shares. This additional stake is worth ₹58.94 crore based on the share price of ₹2064.30.
One of India's leading manufacturers of branded steel products, APL Apollo produces a comprehensive range of MS black pipes, galvanised tubes, pre-galvanised tubes, structural ERW steel tubes, and hollow sections. Operating ten manufacturing facilities across Delhi NCR, the company serves diverse sectors including urban infrastructure, housing, irrigation, solar plants, greenhouses, and engineering applications. Its extensive product portfolio and established manufacturing footprint distinguish it in the Indian steel tubes sector.
Standalone AMC after DSP Group acquired full ownership from BlackRock in 2018. Manages over Rs 1.9 lakh crore. Known for equity funds with a clear process-first culture and minimal star manager dependency. CEO Kalpen Parekh is widely respected for transparent investor communication. DSP Small Cap Fund and DSP Midcap Fund are flagship offerings.