Apollo Tyres' Stock Performance Shows Positive Trend, Outperforms Sector by 3.23%

Apollo Tyres ., a leading player in the Tyres & Allied industry, saw a positive trend in its stock performance on November 14, 2024. The company's stock gained 4.08%, outperforming the sector by 3.23%. This comes after four consecutive days of decline, indicating a possible trend reversal.

The stock reached an intraday high of Rs 478.55, a 4.86% increase from the previous day's closing price. However, Apollo Tyres is currently trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish sentiment in the market.

In comparison, the Tyres & Allied sector has gained 2.2% on the same day. This positive performance by the sector could have contributed to the rise in Apollo Tyres' stock price.

Looking at the stock's performance in the past month, Apollo Tyres has seen a decline of 5.45%, while the Sensex has also experienced a negative trend with a 5.04% decrease. However, on a single day basis, Apollo Tyres has outperformed the Sensex by 4.36%.

MarketsMOJO has given a 'Sell' call for Apollo Tyres, indicating a cautious approach towards the stock. It is important to note that this is a fact-based analysis and does not include any external data or sources. Investors are advised to do their own research and make informed decisions before investing in any stock.