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 a revision in its score, reflecting the current challenges faced by the company. On January 10, 2025, the stock experienced a decline of 3.13%, continuing a downward trend that has persisted for 11 consecutive days, culminating in a cumulative drop of 14.84% during this period. On this day, the stock reached an intraday low of Rs 461.3, marking a decrease of 2.88%.
In terms of market performance, Apollo Tyres has underperformed relative to its sector, with a notable gap of 1.84%. Over the past month, the stock has seen a decline of 14.94%, while the benchmark Sensex has recorded a more modest decrease of 5.32%. 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 sustained bearish trend.

In light of these developments, Apollo Tyres has been added to MarketsMOJO's list, which may prompt investors to reassess their positions. The cautious approach suggested by the recent evaluation reflects the ongoing market fluctuations and the need for careful consideration as the company navigates these challenges in the days ahead. Investors and market analysts will be closely monitoring the situation to gauge how Apollo Tyres adapts to the evolving market landscape.