Apollo Tyres Faces Extended Decline Amid Broader Market Challenges and Sector Weakness

Jan 13 2025 01:00 PM IST
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Apollo Tyres Ltd. has faced significant challenges, recording a 12-day losing streak and a total decline of 17.66%. The stock is currently trading above its 52-week low but has underperformed compared to the broader market, with notable declines over the past month and persistent bearish trends across various moving averages.
Apollo Tyres Ltd. has been under significant pressure, experiencing a decline of 3.46% on January 13, 2025, marking the 12th consecutive day of losses. Over this period, the stock has dropped a total of 17.66%. Currently, it is trading 3.96% above its 52-week low of Rs 428.95, with an intraday low recorded at Rs 446.2.

In terms of market performance, Apollo Tyres has notably underperformed relative to the broader market, with a daily decline of 3.56% compared to the Sensex's decrease of 0.94%. Over the past month, the stock has fallen by 18.74%, while the Sensex has seen a smaller decline of 6.67%. Furthermore, Apollo Tyres is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a persistent bearish trend. The Tyres & Allied sector is also facing challenges, with an overall decline of 2.51%.
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