Apollo Tyres Ltd. Experiences Revision in Stock Evaluation Amid Ongoing Market Challenges

Apollo Tyres Ltd., a key player in the tyres and allied industry, has recently undergone an adjustment in its evaluation, reflecting the challenges the company has faced in the market. On January 8, 2025, the stock experienced a decline of 3.19%, continuing a trend of underperformance that has seen it lag behind its sector by 2.06%. Over the past nine days, Apollo Tyres has recorded a notable drop of 10.98%, raising concerns among investors.
During the trading session, the stock reached an intraday low of Rs 482.4, marking a decrease of 3.11%. This performance is further underscored by the fact that Apollo Tyres is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a prolonged period of struggle in the market.

In a broader context, Apollo Tyres' one-day performance of -3.39% stands in stark contrast to the Sensex's decline of only 0.86%. Over the past month, the company's stock has fallen by 11.15%, while the Sensex has decreased by 5.11%.

In light of these developments, Apollo Tyres has been added to MarketsMOJO's list, reflecting a shift in market sentiment and the need for investors to reassess their positions. The current evaluation suggests a cautious approach as the company navigates through these turbulent market conditions.