Apollo Pipes Share Price in Focus: HR Global Manufacturing Sells 0.9% Stake for Rs 23.5 Crore at Rs 589.86 Per Share

APOLLOPIPE CMP: Rs 603.25. RSI: 79.2 (overbought). 20-DMA: Rs 522.24. HR Global sold 3.98L shares at Rs 589.86 = Rs 23.5 cr.

Updated: 21 Aug 2026 • 9:48 am

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Apollo Pipes Share Price in Focus: HR Global Manufacturing Sells 0.9% Stake for Rs 23.5 Crore at Rs 589.86 Per Share

Quick Answer

Apollo Pipes share price is in focus after HR Global Manufacturing, which held a 2.27% stake (10 lakh shares) as of June 2026, sold 3.98 lakh shares representing a 0.9% stake for Rs 23.5 crore at a price of Rs 589.86 per share. This partial stake sale by a significant shareholder introduces modest supply into the stock. Apollo Pipes share price closed at Rs 603.25, well above its 20-DMA of Rs 522.24, with an RSI of 79.2 indicating an overbought condition after its recent strong run.

Table of Contents

HR Global Manufacturing Stake Sale: What Happened?

HR Global Manufacturing, which held a 2.27% stake (approximately 10 lakh shares) in Apollo Pipes as of June 2026, sold 3.98 lakh shares representing a 0.9% stake at Rs 589.86 per share. The total transaction value was Rs 23.5 crore. After this sale, HR Global's remaining stake would be approximately 1.37% (6.02 lakh shares).

Parameter	Detail
Seller	HR Global Manufacturing
Shares Sold	3.98 lakh (0.9% stake)
Sale Price	Rs 589.86 per share
Total Value	Rs 23.5 crore
Prior Holding (Jun 2026)	10 lakh shares (2.27%)

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Apollo Pipes Share Price and Technical Context

Apollo Pipes share price at Rs 603.25 is significantly above its 20-DMA of Rs 522.24 — a gap of over 15% — and the RSI of 79.2 puts the stock firmly in overbought territory. This context makes HR Global's partial profit-booking understandable: the stock has had a strong run and the promoter-category holder is likely monetising gains at elevated levels.

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What Is Apollo Pipes and What Does This Sale Mean?

Apollo Pipes is a manufacturer of CPVC, UPVC, and related plumbing products catering to residential, commercial, and industrial construction markets. The partial stake sale by HR Global is a supply-side event that could create short-term pressure on the Apollo Pipes share price, particularly given that the stock is already in overbought territory. The sale price of Rs 589.86 is below the current market price of Rs 603.25, which means buyers of the block bought at a discount to market.

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Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites 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

Why is Apollo Pipes share price in focus today?

Ans. Apollo Pipes share price is in focus after HR Global Manufacturing sold 3.98 lakh shares (0.9% stake) at Rs 589.86 per share for Rs 23.5 crore. The partial stake sale by a significant shareholder introduces supply into a stock that is already in overbought territory with RSI at 79.2.

What is Apollo Pipes share price today?

Ans. Apollo Pipes closed at Rs 603.25 on August 20, 2026, significantly above its 20-DMA of Rs 522.24. RSI stands at 79.2, indicating an overbought condition. Verify today's live price on NSE or BSE before acting.

Who is HR Global Manufacturing and what stake did they sell?

Ans. HR Global Manufacturing held a 2.27% stake (10 lakh shares) in Apollo Pipes as of June 2026. It sold 3.98 lakh shares representing a 0.9% stake at Rs 589.86 per share for Rs 23.5 crore, retaining approximately 1.37% of the company after the sale.

What does Apollo Pipes make?

Ans. Apollo Pipes manufactures CPVC, UPVC, and related plumbing products used in residential, commercial, and industrial construction. The company competes in the organised pipe and fittings market, where players benefit from growing housing construction activity in India.

Is Apollo Pipes a good buy after the stake sale?

Ans. This article is for educational purposes and is not investment advice. Apollo Pipes' RSI of 79.2 indicates overbought conditions. The stake sale by HR Global creates near-term supply. Evaluate fundamentals and consult a SEBI-registered advisor before making any investment decision.