Apollo Tyres Exhibits Strong Performance Amid Broader Market Downturn
Apollo Tyres has demonstrated strong performance, gaining 3.53% on May 16, 2025, and achieving consecutive gains over three days. The stock is trading above all key moving averages and has outperformed the broader market, reflecting resilience amidst a slight downturn in the Sensex.
Apollo Tyres has shown notable activity today, gaining 3.53% on May 16, 2025. The stock has outperformed its sector by 1.95%, marking a positive trend as it has recorded consecutive gains over the last three days, accumulating a total return of 4.61% during this period. The stock reached an intraday high of Rs 495.45, reflecting a 3.08% increase.In terms of moving averages, Apollo Tyres is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong short- to long-term performance.
While the broader market is experiencing a slight downturn, with the Sensex down by 0.24% after opening lower, Apollo Tyres has managed to maintain its upward trajectory. Over the past week, the stock has gained 7.18%, significantly outperforming the Sensex's 3.63% increase. Over the last month, Apollo Tyres has risen by 11.63%, compared to the Sensex's 6.87%.
Overall, Apollo Tyres continues to demonstrate resilience and strength in its performance metrics amidst a fluctuating market environment.
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