Apcotex Industries hits 52-week low, underperforms Sensex in past year

Apcotex Industries, a smallcap company in the rubber products industry, has recently hit a 52-week low on November 18, 2024. The stock has been on a downward trend for the past 5 days, with a consecutive fall of -5.95% during this period. Today, the stock has outperformed the sector by 0.26%, but has been highly volatile with an intraday volatility of 227.24%.

The stock is currently trading at Rs.372.55, which is its new 52-week low. This is a significant decrease from its previous high of Rs.543.75. Apcotex Industries is also trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend.

In the past year, Apcotex Industries has underperformed the Sensex, with a negative return of -31.27% compared to the Sensex's positive return of 17.50%. This could be attributed to the overall slowdown in the rubber products industry and the company's financial performance.

MarketsMOJO has given a 'Strong Sell' call for Apcotex Industries, indicating a negative outlook for the stock. Investors should carefully consider the company's financials and market conditions before making any investment decisions.