Apar Industries Share Price Slips 2.5% to Rs 17,352, Now 10% Below Record High as Profit Booking Continues

September 30, 2026
Posted by: Ankit Jaiswal
Category: News

Apar Industries Rs 17,368, down 2.4% (30 Sep, 11:26 AM). Day low Rs 17,352. Record high Rs 19,269.20 on 22 Sep. 52-week low Rs 6,801. M-cap about Rs 74,606 crore.

Quick Answer

Apar Industries share price fell as much as 2.53% to Rs 17,352 on 30 September 2026, taking its decline from the 22 September record high of Rs 19,269.20 to about 10%. The pullback follows a strong run that saw the stock more than double from its 52-week low of Rs 6,801. No fresh company announcement was reported by late morning, so the move looks like continued profit booking. The stock still trades at about 63 times earnings.

Apar Industries share price was under pressure on Wednesday. The stock opened at Rs 17,804, briefly touched Rs 17,882 and then slid to an intraday low of Rs 17,352 on the NSE. Around 11:26 AM, it was trading at Rs 17,368, down 2.44% from the previous close of Rs 17,803.

The fall in Apar Industries share price adds to a correction that began soon after the stock hit record highs. Apar closed the week ending 25 September at Rs 17,767.45 on the BSE, down 5.86% for the week, even as the broader market was relatively steady.

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Table of Contents

Why Is Apar Industries Share Price Falling?

Apar Industries share price is falling mainly because of profit booking after a steep rally to record levels. The stock rose for five straight sessions through 22 September, gaining about 15.4% in that stretch and hitting an all-time high of Rs 19,269.20. After such a fast move, traders often lock in gains, especially when the broader market is volatile.

Market conditions have not helped Apar Industries share price either. Rising bond yields, crude oil above USD 100 per barrel and fears of an RBI rate hike have weighed on richly valued capital goods and electrical equipment stocks in late September. No company-specific negative news was reported by 11:30 AM on Wednesday.

Apar Industries Stock Snapshot

Here is where Apar Industries share price and key ratios stood around 11:26 AM on 30 September 2026, based on exchange data.

Metric	Value
Stock	Apar Industries
Current price	Rs 17,368
Day’s low	Rs 17,352
Previous close	Rs 17,803
All-time high	Rs 19,269.20 (22 Sep 2026)
52-week low	Rs 6,801
Market capitalisation	About Rs 74,606 crore
P/E (TTM)	63.14
Industry P/E	45.91
ROE	18.11%
Debt to equity	0.18

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What Drove the Apar Industries Stock Rally?

Apar Industries is one of the world’s largest makers of aluminium and alloy conductors, and it also makes power and telecom cables, specialty oils, lubricants and polymers. Demand for conductors and cables has been strong on the back of power transmission investment in India and export orders, which has supported earnings and the stock’s re-rating.

The company also strengthened its balance sheet through a qualified institutional placement that closed on 13 August 2026, issuing 16,88,618 shares at Rs 14,805 each. At about Rs 17,368, the stock trades roughly 17% above that QIP price. Shareholders also approved a final dividend of Rs 60 per share at the AGM on 21 September.

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Key Levels After the Apar Industries Record High

The record high of Rs 19,269.20 is the key resistance for Apar Industries share price. On the downside, the QIP price of Rs 14,805 is a reference level that institutional buyers will watch. With the stock more than 2.5 times its 52-week low, sharp swings in either direction remain likely.

Key Risks

Valuation: At a P/E ratio of about 63, the stock trades well above the industry P/E of 45.91.
Commodity prices: Aluminium and copper price swings can affect margins in conductors and cables.
Export exposure: Tariffs or slowing overseas demand could weigh on growth.
Profit booking: After a large rally, corrections of 10% or more are common.

Bottom Line on Apar Industries Share Price

Apar Industries share price slipped 2.5% to Rs 17,352 on Wednesday, extending its pullback to about 10% from the record high of Rs 19,269.20. The long-term story around power transmission and exports is intact, but a valuation of about 63 times earnings makes the stock sensitive to profit booking. Consult a SEBI-registered advisor before buying into a correction.

Disclaimer: Data and figures in this article are sourced from publicly available information and reflect intraday levels at the time of writing. These may or may not be accurate. Please verify all data independently before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).

Frequently Asked Questions on Apar Industries Share Price

Why is Apar Industries share price falling today?

Ans. Apar Industries share price fell as much as 2.53% to Rs 17,352 on 30 September 2026, extending a pullback from its record high of Rs 19,269.20 hit on 22 September. The move looks like continued profit booking after a sharp rally, as no fresh company announcement was reported by late morning.

What is the all-time high of Apar Industries?

Ans. Apar Industries hit an all-time high of Rs 19,269.20 on 22 September 2026, after a five-session winning streak that delivered a cumulative gain of about 15.4%.

What is the 52-week range of Apar Industries share price?

Ans. Apar Industries has a 52-week high of Rs 19,269.20, which is also its all-time high, and a 52-week low of Rs 6,801, meaning the stock has more than doubled over the past year.

What does Apar Industries make?

Ans. Apar Industries is one of the world’s largest makers of aluminium and alloy conductors, and also produces power and telecom cables, specialty oils, lubricants and polymers.

Did Apar Industries raise money recently?

Ans. Yes. Apar Industries closed a qualified institutional placement on 13 August 2026, issuing 16,88,618 shares at Rs 14,805 each. The current share price is well above that QIP price.

Is Apar Industries a good buy after the fall?

Ans. Apar Industries has strong exposure to power transmission and exports, but it trades at about 63 times earnings after a large rally. Consult a SEBI-registered advisor before investing.

Author: Ankit Jaiswal

Ankit Jaiswal is the Senior Research Analyst at Univest, leading the platform's in-house equity research desk and serving as the editorial reviewer for all research and blog content published at univest.in. With 11+ years of experience in Indian equity markets, he oversees stock recommendations, earnings analysis, sector coverage, and ensures every published article meets SEBI Research Analyst Regulations. He holds a Bachelor of Commerce (B.Com) from St. Xavier's College, Kolkata — one of India's most prestigious commerce institutions — and has cleared CMT Level 2 from the CMT Association, a globally recognised certification in technical analysis and market research. His research methodology combines fundamental analysis (earnings quality, balance sheet strength, management commentary) with advanced technical analysis (chart patterns, momentum indicators, market structure) — giving Univest's retail investors a dual-lens approach that most Indian research platforms lack. Ankit is among the most comprehensively certified analysts in Indian financial media, holding five NISM certifications: Series-XV (Research Analyst), Series-VIII (Equity Derivatives), Series-VII (SORM), Series-VI (Depository Operations), and Series-V-A (Mutual Fund Distributors). At Univest — India's SEBI-registered research and advisory platform — Ankit's responsibilities include leading the research team, finalising stock recommendations published across Pro Lite, Pro Super, and Pro Gold advisory services, and maintaining editorial oversight of all YMYL financial content published on the blog.