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Umang Bhutada

3rd Feb · SEBI-Registered Analyst

APLAPOLLO
Important Levels: Major resistance: 2151 Breakout & demand zone: 1996 Minor support: 1934 Business: Leading structural steel tubes player; strong volume growth, beneficiary of infra/real-estate capex cycle. Earnings: Consistent growth with margin stability; market rewards it with trend continuation phases. Verdict: Sustaining above 1996 = bullish continuation structure. Acceptance above 2151 can open next leg of expansion.

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