Leading plastic products company Apollo Pipes hits 52-week low, receives 'Strong Sell' rating

Apollo Pipes, a leading player in the plastic products industry, has recently hit a 52-week low in its stock price. On November 18, 2024, the stock touched a low of Rs. 469, which is a significant drop from its previous high.

According to MarketsMOJO, a leading stock analysis platform, the stock has been given a 'Strong Sell' rating. This is due to the stock's underperformance in the market, as it has fallen by -3.24% compared to the sector's performance.

In today's trading session, Apollo Pipes saw an intraday low of Rs. 469, which is a decrease of -3.7%. The stock is also currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a downward trend.

In the past year, Apollo Pipes has seen a decline of -30.38%, while the Sensex has shown a growth of 17.55%. This further highlights the underperformance of the company's stock in the market.

Despite these recent developments, Apollo Pipes remains a key player in the plastic products industry. The company offers a wide range of products and has a strong presence in the market. Investors should keep a close eye on the company's performance in the coming months to make informed decisions about their investments.