Apcotex Industries Faces Ongoing Challenges Amid Significant Stock Volatility and Decline

Jan 21 2025 10:35 AM IST
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Apcotex Industries has faced notable volatility, hitting a new 52-week low amid a three-day downward trend. Despite an initial gain during trading, the stock remains below its moving averages. Over the past year, it has declined significantly, contrasting sharply with the overall market performance.
Apcotex Industries has experienced significant volatility today, reaching a new 52-week low of Rs. 358. This decline follows a three-day downward trend, resulting in a total return of -1.42%. Despite an initial gain of 5.26% during the trading session, peaking at Rs. 378, the stock remains below its moving averages across multiple time frames, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages.

Over the past year, Apcotex Industries has faced considerable challenges, with its stock price declining by 33.07%, in stark contrast to the Sensex's gain of 6.87%. These performance indicators highlight the ongoing struggles of the company within the rubber products industry.
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