Apollo Pipes Hits 52-Week Low, Underperforms Sector Amidst Market Decline

Apollo Pipes, a leading player in the plastic products industry, has recently hit a 52-week low on November 14, 2024. The stock has been underperforming the sector, with a 'Strong Sell' call by MarketsMOJO.

On November 14, the stock touched a new low of Rs. 474, with a -3.33% underperformance compared to the sector. This marks the fifth consecutive day of losses for Apollo Pipes, with a decline of -9.58% in this period. The stock also saw an intraday high of Rs. 494.85 (2.03%) and an intraday low of Rs. 474 (-2.27%).

Apollo Pipes is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a downward trend in its performance.

In the past year, Apollo Pipes has seen a decline of -32.10%, while the Sensex has shown a growth of 19.40%. This further highlights the underperformance of the company in the market.

Despite these recent developments, Apollo Pipes remains a key player in the plastic products industry and continues to cater to the growing demand for plastic pipes in various sectors. Investors should keep a close eye on the company's performance and future developments.