Apollo Pipes Hits New 52-Week Low Amid Ongoing Market Challenges

Jan 13 2025 09:37 AM IST
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Apollo Pipes has hit a new 52-week low, with its stock price at Rs. 423. The small-cap company has experienced a 9.39% decline over the past six days and has underperformed its sector. Over the past year, its performance has dropped by 36.83%, contrasting with the Sensex's gains.
Apollo Pipes has recently reached a new 52-week low, with its stock price hitting Rs. 423 on January 13, 2025. This decline represents a significant downturn for the small-cap player in the plastic products industry, as the stock has underperformed its sector by 0.44% today. Over the past six days, Apollo Pipes has seen a consecutive decline totaling 9.39%.

The stock's performance remains consistently below key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a prevailing bearish trend. Over the past year, Apollo Pipes has recorded a performance drop of 36.83%, in stark contrast to the Sensex, which has gained 5.86% during the same timeframe. Current market sentiment reflects the challenges faced by the company in the current financial landscape.
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