Decline in Stock Price and 'Sell' Call for Apollo Tyres by MarketsMOJO

Apollo Tyres, a leading player in the Tyres & Allied industry, has seen a decline in its stock price by -3.26% on November 13, 2024. This has been reflected in the 'Sell' call given by MarketsMOJO for the company's stock.

The stock has been underperforming the sector by -1.05% and has been on a downward trend for the past four days, with a fall of -8.32% in this period. On the day of November 13, the stock touched an intraday low of Rs 455, showing a decline of -3.48%.

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. The Tyres & Allied sector as a whole has also seen a decline of -2.21%.

In comparison to the Sensex, Apollo Tyres has underperformed with a -2.85% return in the past day and a -9.36% return in the past month, while the Sensex has seen a -1.01% and -4.30% return, respectively.

While there is no mention of future potential or investor interest, these facts show a clear decline in the stock's performance. Investors should keep a close eye on the company's stock and the overall sector performance before making any investment decisions.