Apcotex Industries Hits 52-Week Low Amid Broader Sector Decline and Bearish Trends

Jan 13 2025 02:35 PM IST
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Apcotex Industries has hit a new 52-week low, continuing a downward trend with a notable decline over the past two days. Despite this, the company outperformed its sector today. The stock is trading below multiple moving averages and has seen a significant decline over the past year.
Apcotex Industries has recently reached a new 52-week low of Rs. 359.05, marking a notable decline as the stock has been on a downward trajectory, falling 3.94% over the past two days. Despite this downturn, Apcotex Industries has managed to outperform its sector today by 3.82%, while the broader rubber products sector has seen a decline of 5.69%.

Currently, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Over the past year, Apcotex Industries has experienced a significant decline of 27.89%, in stark contrast to the Sensex, which has gained 5.25% during the same period. These performance indicators reflect the challenges the company is facing in the current market environment.
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