APL Apollo Tubes' Stock Price Dips by -3.01% on June 12th, 2024.

APL Apollo Tubes, a leading player in the iron and steel industry, saw a dip in its stock price on June 12th, 2024. The stock closed at Rs 1590.05, down by -3.01% from the previous day's closing price. This underperformance was in contrast to the overall sector, which saw a decline of -3.68%.

The stock's trend also reversed after five consecutive days of gains, indicating a possible correction in the near future. It touched an intraday low of Rs 1586.95, down by -2.87%. However, the stock's moving averages, including the 5-day, 50-day, 100-day, and 200-day, were all higher than the current price. The only exception was the 20-day moving average, which was lower.

In comparison to the Sensex, APL Apollo Tubes' performance was -3.01% on the same day, while the Sensex saw a positive growth of 0.53%. Over the past month, the stock has seen a growth of 3.28%, while the Sensex has performed better with a growth of 5.78%.

MarketsMOJO has given a 'Hold' call for APL Apollo Tubes, indicating a neutral stance on the stock. As a largecap company, APL Apollo Tubes has a strong presence in the iron and steel industry and is expected to continue its growth in the future. However, it is important to note that this article is based on factual information and does not offer any recommendations or opinions on the stock.