Vadodara, Gujarat – Apar Industries shares are experiencing significant market attention today following a landmark announcement concerning its Middle East operations. Apar Industries Middle East Limited, a subsidiary of the Indian electrical infrastructure giant, has finalized a crucial agreement with Saudi Aramco Base Oil Company.
Strategic Partnership with Saudi Aramco
The newly inked deal stipulates that Apar Industries Middle East Limited will supply base oils within Saudi Aramco's lubeHub Value Park located in Yanbu, Saudi Arabia. This partnership is set to be a cornerstone for Apar's manufacturing capabilities, enabling the company to produce its flagship transformer oils, alongside a diverse portfolio of other specialty oil products, directly within the region.
Market Performance and Investor Focus
The news has had a pronounced effect on Apar Industries shares, which have recorded impressive gains. The stock has nearly doubled in value during 2026 alone. Over a longer horizon, the performance is even more striking, with shares surging 421% in the past three years and an extraordinary 3065% over five years.
In the previous trading session, Apar Industries shares closed at Rs 16,153, contributing to a substantial market capitalization of Rs 65,877 crore for the firm. The stock recently touched a 52-week high of Rs 16,674.80 on June 18, 2026, a stark contrast to its 52-week low of Rs 6800 recorded on January 21, 2026. Current technical indicators show the stock's Relative Strength Index (RSI) at 72.7, suggesting it is in an overbought territory on the charts.
Furthermore, Apar Industries shares are trading above all key moving averages, including the 5-day, 10-day, 20-day, 30-day, 50-day, 100-day, 150-day, and 200-day averages, indicating strong upward momentum.
Company Profile
Established in 1958 and headquartered in Vadodara, Gujarat, Apar Industries Ltd. is a globally recognized diversified manufacturing entity. The company boasts a significant international footprint, operating in over 140 countries and maintaining its position as a vital player within the global energy sector, specializing in electrical infrastructure, conductors, and cables.