Apollo Tyres Faces Market Challenges Amid Sustained Stock Underperformance

Apollo Tyres Ltd. has faced notable challenges in the market, with its stock price declining by 3.1% as of January 22, 2025. Currently trading near its 52-week low, the stock is just 1.46% above the low of Rs 428.95. This decline has seen the company underperform its sector by 1.73%, highlighting a difficult period for the firm.
The stock has been on a downward trajectory for four consecutive days, accumulating a total decline of 4.49%. On this day, it reached an intraday low of Rs 435.3, reflecting a decrease of 2.77%. Additionally, Apollo Tyres is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a sustained period of underperformance.

In the context of broader market trends, Apollo Tyres' one-day performance of -2.73% stands in contrast to the Sensex, which experienced a slight increase of 0.19%. Over the past month, the company's stock has dropped by 18.22%, while the Sensex has seen a smaller decline of 2.64%.