Why is Apollo Tyres falling/rising?
As of 05-Sep, Apollo Tyres Ltd. is priced at 484.30, down 0.4%, but has shown positive returns of +4.61% over the past week and +10.12% over the month. Despite recent performance, the stock faces challenges with a -5.27% annual return and a significant profit decline of -38.3%.
As of 05-Sep, Apollo Tyres Ltd. is currently priced at 484.30, reflecting a decrease of 1.95 points or 0.4%. Despite this decline, the stock has shown positive performance over the past week and month, with returns of +4.61% and +10.12%, respectively. Today's price summary indicates that Apollo Tyres has outperformed its sector by 0.35% and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 53.54% compared to the 5-day average. However, the stock has faced challenges over the past year, with a return of -5.27% and a notable decline in profits by -38.3%, despite a strong ability to service debt and healthy long-term growth in net sales and operating profit.In the broader market context, Apollo Tyres has outperformed the Sensex in the short term, with a 1-week return of +4.61% compared to the benchmark's +1.13%. This indicates that while the stock is currently experiencing a slight decline, it has been performing well relative to the market recently. The company's high institutional holdings at 41.38% suggest that informed investors are backing the stock, which may provide some stability. However, the stock's negative annual return and falling profits indicate underlying challenges that could be affecting investor sentiment, contributing to the current price movement.
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