APL Apollo Tubes Shows Short-Term Recovery Amid Long-Term Downward Trend

Jan 14 2025 11:15 AM IST
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APL Apollo Tubes experienced a notable increase on January 14, 2025, reversing a two-day decline and reaching an intraday high. However, the stock remains below several key moving averages, reflecting a longer-term downward trend, with a month-over-month decline contrasting with gains in the broader steel sector.
APL Apollo Tubes, a significant player in the steel, sponge iron, and pig iron industry, saw a notable increase of 3.27% on January 14, 2025, outperforming its sector by 0.88%. This uptick marks a trend reversal following two consecutive days of decline, with the stock reaching an intraday high of Rs 1474.25, reflecting a gain of 3.53%.

Despite this positive movement, APL Apollo Tubes is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a longer-term downward trend. Over the past month, the stock has experienced a decline of 7.49%, while the broader steel sector recorded a gain of 2.16%. This performance underscores the volatility in the market as APL Apollo Tubes navigates fluctuations in both its sector and the overall market environment.
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