Ashish Kacholia Portfolio: Shares of Apollo Pipes have gained 7 per cent today. According to stock market experts, this rise in the share price of Apollo Pipes can be attributed to the recent announcement of 2:1 bonus, which has made it possible for small investors to invest in this quality stock. . He added that an increase in the volume of a stock is also a reason for an increase in the share price.
According to stock market experts, Apollo Pipes stock is a quality stock, which is expected to grow further in the coming times due to increase in infra spending. He said that water irrigation and infrastructure are expected to boost the company’s business in the times to come. Since Apollo Pipes expands at a low cost, it can be a nice addition to one’s stock portfolio at current levels.
Elaborating on the reason behind Ashish Kacholia being bullish on the stock price; Avinash Gorakshakar, Head of Research, Profitmart Securities said, “Apollo Pipes major footfall is coming from infrastructure and water irrigation sector, which is expected to move northwards in future also. The company has a record of keeping margins at low cost. The high side. Therefore, the high margins and low cost have helped the company sustain itself in a highly competitive market. It is one of the quality day trading stocks that one can add to their stock portfolio today.”
Advice to investors to buy this stock of Ashish Kacholia at current levels; Sumeet Bagadiya, Executive Director, Choice Broking said, “Apollo Pipes shares at current levels can be a buy for short-term targets. Keeping the 700 stop loss a little deeper 570 level.” He advised investors to deposit more if the stock declines 600 levels.”
According to Trendline, Ashish Kacholia has a stake in the company, which is less than 1 per cent.
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.
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