Smallcap company Apollo Pipes hits 52-week low, underperforms sector by -0.47%

Apollo Pipes, a smallcap company in the plastic products industry, has recently hit a 52-week low on October 23, 2024. This news has been confirmed by MarketsMOJO, who has given a 'Sell' call for the stock.

The stock's price summary shows that it has hit a new low of Rs. 509.95 today and has underperformed the sector by -0.47%. Additionally, the stock has been on a downward trend for the past 6 days and has seen a decline of -8.03% during this period. It is also trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.

In comparison to the Sensex's performance of 24.29%, Apollo Pipes has seen a negative 1-year performance of -23.95%. This indicates that the company has not been able to keep up with the overall market trend.

While there is no information available on the reason for the stock's decline, investors should keep an eye on the company's financial performance and any updates from the management. It is important to note that this article is purely based on facts and does not include any external data or sources. As always, it is recommended to do thorough research and consult with a financial advisor before making any investment decisions.