Hindalco Industries, APL Apollo Tubes shares: Axis Direct's top metal bets; check target prices, outlook

On APL Apollo Tubes, the brokerage said, "Despite late-quarter disruptions (war impact, energy shortages, destocking), the company delivered ~Rs 5,500+/t EBITDA, driven by strong brand premium and better product mix amidst supply tightness in steel tubes. Management remains confident of sustaining Rs 5,000-5,500/t EBITDA, even in volatile conditions."

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