Apcotex Industries Hits 52-Week Low, Receives 'Strong Sell' Rating from MarketsMOJO

Apcotex Industries, a smallcap company in the rubber products industry, has recently hit a 52-week low on October 29, 2024. This has led to a 'Strong Sell' call by MarketsMOJO, a leading stock market analysis platform.

The stock price of Apcotex Industries has been on a downward trend, with today's performance showing an underperformance of -2.28% compared to the sector. This marks the third consecutive day of losses for the company, with a total decline of -6.62% in this period.

However, there was a slight positive movement in the stock today as it opened with a gain of 3.3%. The intraday high was recorded at Rs 405.3, while the intraday low was Rs 382, a decrease of -2.64%.

Apcotex Industries is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend in the stock.

In the past year, Apcotex Industries has seen a negative performance of -21.65%, while the Sensex has shown a positive performance of 25.48%. This further highlights the underperformance of the company in the market.

Investors should keep a close eye on Apcotex Industries and its future performance, as the company continues to face challenges in the rubber products industry.