APL Apollo Tubes Hits Record High: 10% Jump in Two Days, Best Start in 8 Years

• APL Apollo Tubes shares surged over 10% in two days, reaching a record high of ₹2069.90 on January 23, 2026.
• The rally marks the strongest start to a year for the company since 2018, with shares up over 8% in January.
• Key drivers include strong December 2025 quarter results with increased volume growth and value-added product share.
• Management plans to double capacity to 10 million tons by FY2030 and raised FY2027 operating profit guidance to ₹5,500 per ton.
• 12 out of 17 analysts recommend a 'buy' rating, with a highest target price of ₹2286.

Why It Matters: APL Apollo Tubes shares hit a record high driven by strong Q3 results, capacity expansion, and positive analyst outlook.