Apollo Pipes Experiences Revision in Score Amidst Challenging Market Conditions

Jan 06 2025 12:05 PM IST
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Apollo Pipes has recently experienced a revision in its score, reflecting ongoing challenges in the market. The stock has been added to MarketsMojo's list, indicating a significant shift in evaluation. Despite the broader plastic products sector facing difficulties, Apollo Pipes continues to struggle, underperforming against its peers.
Apollo Pipes, a small-cap player in the plastic products industry, has recently experienced a revision in its score by MarketsMOJO. This adjustment reflects the stock's current performance metrics, which have shown a notable decline over the past year, with a decrease of over 33%. In comparison, the broader Sensex index has posted a positive return of 8.58% during the same period.

As of January 6, 2025, Apollo Pipes' stock price is hovering close to its 52-week low, indicating a challenging market position. The stock has underperformed its sector, which itself has seen a decline of 2.07%. Additionally, Apollo Pipes is trading below its key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, further highlighting its current struggles.

In light of these developments, Apollo Pipes has been added to MarketsMOJO's list, signaling a need for investors to closely monitor its performance in the evolving market landscape.
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