Posted On: September 26, 2023

Stock Report: APOLLOPIPE(NSE) 25 Sep 2023

Outlook: Bearish

Sector: Industrials

Industry: Building Products & Equipment 

Apollo Pipes Ltd is engaged in the business of manufacturing a wide variety of pipes and related products used for agriculture, building and construction, and industrial purposes. The product portfolio includes CPVC pipes and fittings, uPVC and fittings (Threaded and Non-Threaded), SWR pipes and fittings, Sewerage pipes, HDPE pipes and fittings, Sprinkler System, uPVC pressure pipes and fittings, uPVC column pipes and Solvent cement.

#xCalData predicts that # APOLLOPIPE will continue its bearish phase over the next five days and trend within the range of 636 to 694. 

In comparison to the previous month, the price of the stock has experienced a decline of 2.6% indicating a bearish. 

The Stock has doubled twice since 11 Dec 2019 and took an average of 0.8 years to double.

The stock has shown seasonality trend in the past. 

Reviewing the returns for the past 3 years for the same week, we see the stock has given positive returns in all previous years. 

Majority of the technical ratios trend towards Bearish side of the spectrum. Only some of the technical indicators namely Coppock Curve indicate Bullish view. 

Collectively, xCalData suggests the stock would be in Bearish zone for next 5 days. 

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