Why is Apollo Finvest falling/rising?
As of 18-Nov, Apollo Finvest (India) Ltd's stock price is Rs 428.00, down 4.23% after three consecutive days of decline. The stock is trading below all major moving averages, indicating a bearish trend, and has seen a significant drop in delivery volume, reflecting reduced investor participation.
As of 18-Nov, Apollo Finvest (India) Ltd is experiencing a decline in its stock price, currently at Rs 428.00, which reflects a decrease of Rs 18.9 or 4.23%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 7.49% during this period. Today, the stock reached an intraday high of Rs 462.95 but ultimately closed lower, indicating a lack of sustained upward momentum. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which suggests a bearish trend. The delivery volume has also decreased significantly, falling by 66.32% compared to the 5-day average, indicating reduced investor participation.In the broader market context, Apollo Finvest's short-term performance over the past week shows a gain of 2.07%, which is notably better than the Sensex's increase of 0.96%. However, over the longer term, the stock has underperformed significantly, with a year-to-date decline of 44.13% compared to the Sensex's gain of 8.36%. This stark contrast highlights the challenges faced by Apollo Finvest in attracting investor interest and maintaining price stability, especially in light of its recent poor performance and declining liquidity.
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