Apollo Finvest Hits 52-Week Low Amid Sustained Downward Trend in NBFC Sector
Apollo Finvest (India) has hit a new 52-week low, with its stock price falling to Rs. 681 on January 15, 2025. The microcap finance company has seen a significant decline over the past year, underperforming the broader market and indicating ongoing challenges in the non-banking financial sector.
Apollo Finvest (India) has reached a new 52-week low, with its stock price dropping to Rs. 681 on January 15, 2025. This decline represents a significant downturn for the microcap finance company operating in the non-banking financial company (NBFC) sector. On the same day, the stock underperformed the sector by 8.3%, opening with a loss of 3.99% and hitting an intraday low of Rs. 681, reflecting an 8.96% decrease.The company's moving averages indicate a sustained downward trend, as it is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past year, Apollo Finvest's performance has declined by 39.69%, contrasting sharply with the Sensex, which has gained 4.58%. This stark difference underscores the challenges Apollo Finvest faces in the current financial landscape.
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