Apollo Pipes Ltd shares fall 1.09% as shareholding disclosure is made
Why did Apollo Pipes Ltd shares fall today?
Shares of Apollo Pipes Ltd were trading at ₹521.05, down 1.09% on the BSE around 11:35 AM on Friday. The decline appears to be in reaction to a disclosure received by the exchange under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.
This specific regulation requires a public announcement when any person or group of persons acting together acquires shares that crosses the threshold of 25% of the voting rights in a company. The disclosure mentioned relates to S Gupta Holding Pvt Ltd & Others, indicating a potential substantial purchase or a significant change in the shareholding pattern of Apollo Pipes.
Investors are likely reacting to this news as such large acquisitions can impact company control, governance, or future strategy. The market often perceives these disclosures as a signal for potential volatility or reassessment of the stock's valuation, leading to the observed downward price movement today.
What does Apollo Pipes Ltd do?
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Apollo Pipes Ltd Financials
In CroresApollo Pipes Ltd reported a revenue of ₹347.02 Crores in March 2026, which declined to ₹295.43 Crores in June 2026, representing a decrease of approximately 14.9% quarter-over-quarter. The company's profitability also experienced a notable downturn, shifting from a net profit of ₹0.99 Crores in March 2026 to a net loss of ₹8.57 Crores in June 2026. This indicates a deterioration in the company's financial performance, with both top-line revenue and bottom-line profitability trending downward between the two periods.
Apollo Pipes Ltd Shareholding Pattern
Promoter holding stands at 51.72% of the total share capital. Foreign Institutional Investors (FIIs) hold 2.53% stake in the company, while Domestic Institutional Investors (DIIs) hold 7.2%. Public shareholders hold the remaining 38.29% stake in Apollo Pipes Ltd.
Apollo Pipes Ltd FAQs
Q: Why did Apollo shares fall 1.09% today?
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for S Gupta Holding Pvt Ltd & Others. This corporate action caught investor attention, leading to increased trading activity in the stock.
Q: What is the shareholding pattern of Apollo Pipes Ltd?
As per the latest data, promoters hold 51.72% stake in Apollo Pipes Ltd, while FII holding stands at 2.53%. Domestic institutional investors hold 7.2%, and public shareholders account for 38.29% of the equity.
Q: What is the current stock price of Apollo Pipes Ltd?
Apollo Pipes Ltd shares are currently trading at ₹521.05, recording a decline of 1.09% from the previous close.
Q: What is the market capitalization of Apollo Pipes Ltd?
The company currently has a market capitalization of ₹2288.42 crore, reflecting its valuation in the Indian equity market.