APM Industries Hits 52-Week Low Amid Broader Textile Sector Decline
APM Industries, a microcap textile company, recently hit a 52-week low, with its stock experiencing a notable decline over the past three days. The stock is currently trading below multiple moving averages, reflecting a bearish trend, while the broader textile sector has also faced losses.
APM Industries, a microcap player in the textile industry, has recently reached a 52-week low, with its stock price falling to Rs 45 on January 13, 2025. Currently, the stock is trading 3.16% above this low. Over the past three days, APM Industries has experienced a consecutive decline, resulting in a total drop of 10.25%. On January 13, the stock recorded an intraday high of Rs 49.48, reflecting a gain of 2.87%, while it also hit a low of Rs 45.05, marking a decrease of 6.34% for the day. The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend.
In comparison, the broader textile sector has seen a decline of 3.82%. Over the past year, APM Industries has reported a performance drop of 30.03%, contrasting sharply with the Sensex, which has gained 5.18% during the same period.
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