Apollo Tyres Stock Declines by -4.03% in One Day, Rated as 'Sell' by MarketsMOJO.

Apollo Tyres ., a leading player in the tyres and allied industry, has seen a decline in its stock price by -4.03% on November 4th, 2024. This decline has been reflected in the stock call given by MarketsMOJO, which has rated the stock as 'Sell'.

The stock has underperformed the sector by -2.13% and has also shown a trend reversal after 5 consecutive days of gains. On the day of the decline, the stock touched an intraday low of Rs 483.2, which is a decrease of -4% from its previous closing price.

Apollo Tyres is currently trading below its 5 day, 20 day, 50 day, 100 day, and 200 day moving averages, indicating a bearish trend in the stock. In comparison to the overall performance of the Sensex, Apollo Tyres has shown a decline of -4.13% in just one day, while the Sensex has only declined by -1.58%.

In the past month, Apollo Tyres has shown a decline of -5.67%, while the Sensex has only declined by -3.94%. This further highlights the underperformance of the stock in the market.

Investors and experts are advised to closely monitor the performance of Apollo Tyres in the coming days, as the stock has shown a significant decline in a short period of time. However, it is important to note that this article is based on factual information and does not offer any recommendations or predictions about the future potential of the company.