Apollo pipes ltd is having good dealership network in north India, once they spread across the rest of the country, they will undoubtedly at among top players in upvc and pvc pipes.
one can bet on their stock for coming 3 years, buy strategically at current level 538-542, accumulate more around at 494 finally buy more at 430 for the first target of 600 second target at of 750 finally book profit at 900 all above targets are likely to observe by the end of December24 to January 2025.
This is not a buy recommendation, this is my personal idea and view for upcoming 6 months to 3-year time frame, one should take advise from his financial advisor before investing.
Refer Chart for Logic and Analysis methodology.