Decline in Apollo Tyres Ltd. stock price reflected in 'Hold' call by MarketsMOJO

Apollo Tyres Ltd., a leading player in the tyre industry, has seen a decline in its stock price by -3.11% on August 9, 2024. This underperformance is reflected in the stock's current call of 'Hold' by MarketsMOJO.

The stock has been on a downward trend for the past two days, with a fall of -4.78% during this period. On the same day, the stock also touched an intraday low of Rs 494.5, representing a decrease of -3.42%.

While the stock's performance today has been lower than the sector by -2.18%, it is still higher than its 200-day moving average. However, it is currently lower than its 5-day, 20-day, 50-day, and 100-day moving averages.

In comparison to the Sensex, Apollo Tyres Ltd.'s 1-day performance is -3.11%, while the Sensex has shown a positive performance of 1.01%. Similarly, the stock's 1-month performance is -7.61%, while the Sensex has shown a slightly better performance of -0.83%.

Despite the recent decline in stock price, Apollo Tyres Ltd. remains a major player in the tyre industry with a largecap size. Investors are advised to hold their positions and monitor the stock's performance in the coming days.