Allcargo Gati Faces Challenges Amid Broader Logistics Sector Decline in October 2023

Allcargo Gati, a microcap player in the logistics industry, has experienced significant activity today, reflecting broader trends in the sector. The stock has approached its 52-week low, currently sitting just 0.54% above the low of Rs 66.5 reached on February 14, 2025. Today, Allcargo Gati's performance has underperformed the logistics sector, which has declined by 2.83%, with the stock itself hitting an intraday low of Rs 66.8, marking a decrease of 4.59%.
In terms of moving averages, Allcargo Gati is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a sustained downward trend. Over the past year, the stock has seen a significant decline of 43.83%, contrasting sharply with the Sensex, which has gained 5.05% during the same period. These metrics highlight the challenges faced by Allcargo Gati in the current market environment, reflecting broader industry pressures and performance indicators.