Apollo Finvest Faces Intense Selling Pressure Amid Significant Price Declines

Apollo Finvest (India) Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The stock has experienced consecutive losses over the past two days, resulting in a total decline of 17.41%. Today, it opened with a gap down of 2.67% and reached an intraday low of Rs 651.55, reflecting a drop of 9.27% during trading.
In terms of performance, Apollo Finvest has underperformed the broader market, with a one-day decline of 9.93% compared to the Sensex's modest drop of 0.49%. Over the past week, however, the stock had shown a gain of 26.66%, contrasting sharply with the Sensex's increase of 2.89%. Despite this recent uptick, the stock's longer-term performance reveals a troubling trend, with a year-to-date decline of 15.55% and a staggering 32.55% drop over the past year, while the Sensex has gained 7.12% in the same period.

Factors contributing to the selling pressure may include market sentiment, sector-specific challenges, or company-specific issues, although no specific details are provided. The stock's moving averages indicate it is currently lower than its 100-day and 200-day averages, suggesting a bearish trend in the medium to long term.