Apollo Pipes Hits 52-Week Low Amid Sustained Market Challenges and Volatility

Feb 11 2025 09:36 AM IST
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Apollo Pipes, a small-cap plastic products company, has hit a new 52-week low amid significant volatility, underperforming its sector. The stock has declined 10.56% over the past week and is trading below key moving averages, reflecting ongoing bearish sentiment and a substantial year-over-year decline of 50.17%.
Apollo Pipes, a small-cap player in the plastic products industry, has experienced significant volatility today, reaching a new 52-week low of Rs. 386.5. This decline marks a notable underperformance, as the stock has lagged behind its sector by 1.16%. Over the past week, Apollo Pipes has faced consecutive losses, with a total decline of 10.56%.

The stock opened the trading session with a gap down of 2.28%, reflecting ongoing bearish sentiment. Throughout the day, it touched an intraday low of Rs. 386.5, representing a decrease of 3.16%.

In terms of technical indicators, Apollo Pipes is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a sustained downward trend. Over the past year, the stock has seen a significant decline of 50.17%, contrasting sharply with the Sensex, which has gained 7.69% during the same period. These performance metrics highlight the challenges faced by Apollo Pipes in the current market environment.
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