Why is Apollo Finvest falling/rising?
As of 07-Nov, Apollo Finvest (India) Ltd's stock price is Rs 425.00, down 5.27%, and has underperformed significantly against the Sensex, which has gained 1.57%. The stock is in a bearish trend, trading below key moving averages, with a year-to-date decline of 44.52%.
As of 07-Nov, Apollo Finvest (India) Ltd is experiencing a decline in its stock price, currently at Rs 425.00, which represents a decrease of Rs 23.65 or 5.27%. The stock has been underperforming, having fallen consecutively for the last two days with a total drop of 5.47% during this period. Additionally, the stock has shown poor performance over the past month, down 9.43%, and has significantly underperformed the benchmark Sensex, which has gained 1.57% in the same timeframe. The stock is trading below all key moving averages, indicating a bearish trend, and while there has been a slight increase in delivery volume, the overall market sentiment remains negative.Broader Market Context: In the short term, Apollo Finvest's performance has been better than the Sensex over the past week, with a decline of only 0.11% compared to the Sensex's 0.86% drop. However, the year-to-date performance shows a stark contrast, with Apollo Finvest down 44.52% while the Sensex has risen by 6.50%. This significant underperformance over a longer period suggests that investor sentiment towards Apollo Finvest is weak, contributing to the stock's current downward trajectory.
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