Apollo Tyres Faces Continued Decline Amid Broader Market Weakness

Apollo Tyres has experienced a notable decline today, with the stock down by 3.47% as of April 4, 2025. This performance marks a continuation of a downward trend, as the stock has now fallen for two consecutive days, resulting in a total decline of 4.5% over this period. The stock reached an intraday low of Rs 408.6, reflecting a decrease of 3.46% at its lowest point.
In terms of market performance, Apollo Tyres has underperformed its sector by 1.48%. The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Over the past week, the stock has declined by 3.75%, while its performance over the last month shows a gain of 7.51%. However, on a longer-term basis, Apollo Tyres has faced challenges, with a 20.28% drop over the past three months and an 11.25% decline over the past year.

In the broader market context, the Sensex has also seen a significant drop, falling by 690.32 points to 75,469.77, reflecting a bearish sentiment across the market.