India, July 3 -- The shares of this mid cap company majorly engaged in manufacturing steel products MS Black Pipes, Galvanised Tubes, Pre-Galvanised Tubes, Structural ERW Steel Tubes and many more were in focus after the brokerage sees around 20 percent upside potential.

With the market capitalization of Rs. 50,145 Crores, the shares of APL Apollo Tubes Ltd were trading at around Rs. 1806 per share which is 21 percent discount from its 52 week high of Rs. 2301 per share and is trading at a P/E of 41.7 whereas industry P/E stands at 21.8

Motilal Oswal has reiterated its 'Buy' rating on APL Apollo Tubes with a target price of Rs2,150, implying an upside potential of around 20% from the current market price of Rs. 1806 per share. The brok...