Apollo Tyres Hits 52-Week Low Amid Sustained Underperformance in Tyre Sector

Jan 24 2025 02:05 PM IST
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Apollo Tyres has reached a new 52-week low, reflecting ongoing challenges in its stock performance. The company has seen a six-day decline totaling 6.09% and an 18.59% drop over the past year, significantly underperforming compared to the broader market, as indicated by its moving averages.
Apollo Tyres has experienced significant activity today, reaching a new 52-week low of Rs. 426.6. This decline marks a notable moment for the company, which operates within the large-cap Tyres & Allied industry. The stock has underperformed its sector by 1.22% and has been on a downward trend, recording a consecutive six-day decline that totals a loss of 6.09% during this period.

Today's trading saw Apollo Tyres hit an intraday low of Rs. 426.6, reflecting a decrease of 2.8%. The stock's performance over the past year has been challenging, with a decline of 18.59%, contrasting sharply with the Sensex's positive performance of 7.61%. Additionally, Apollo Tyres is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a sustained period of underperformance relative to broader market trends. As the company navigates these challenges, its market position remains a focal point for observers in the financial landscape.
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