buy on dips to follow in a strategic manner

APL Apollo Tubes Limited is one of India's leading manufacturers of structural steel tubes and pipes. Its products are used in infrastructure, construction, industrial buildings, warehouses, commercial real estate, engineering and other applications. The company's growth is linked to infrastructure investment, urbanisation, industrial development and the increasing use of steel tubes in modern construction. Its distribution network, manufacturing scale and wide product range are important competitive advantages. APL Apollo's Q1 FY2026–27 consolidated results reported revenue of approximately ₹5,606.71 crore, up 8.45% year-on-year. Operating profit increased 10.56% to ₹411.28 crore, while net profit rose 10.94% to ₹263.11 crore. NSE 2,114.10, BSE 2,105.10 These figures indicate positive annual growth in revenue and profitability. However, compared with the previous quarter, revenue declined 10.57% and net profit fell 25.75%. This highlights the importance of monitoring quarterly demand, product realisations and operating margins. Based on recent price action through 9 October 2026, the following are provisional technical reference zones, not guaranteed targets. Technical level Approximate price Near-term support ₹2,025–₹2,050 Important support ₹1,980–₹2,000 Lower support zone ₹1,900–₹1,930 Immediate resistance ₹2,120–₹2,140 Strong resistance ₹2,180–₹2,200 Major resistance ₹2,250–₹2,300 These levels should be verified against the latest daily chart and trading volume.