Allcargo Logistics Hits 52-Week Low Amidst Underperformance and Negative Outlook

Nov 13 2024 10:17 AM IST
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Allcargo Logistics, a midcap logistics company, has been underperforming the sector and recently hit a 52-week low. The stock has fallen by -4.87% in the last two days, with a consecutive downward trend. Despite a high dividend yield of 3.86%, the stock's 1-year performance has been -24.94%. MarketsMojo has given a 'Strong Sell' call, indicating a negative outlook.

Allcargo Logistics, a midcap logistics company, has recently hit a 52-week low on November 13, 2024. The stock has been underperforming the sector, with a -0.97% difference in performance today. In the last two days, the stock has fallen by -4.87%, indicating a consecutive downward trend.

Today, the stock reached an intraday high of Rs 55.47, with a 2% increase, and an intraday low of Rs 52.62, with a -3.24% decrease. Allcargo Logistics is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.

At the current price, Allcargo Logistics offers a high dividend yield of 3.86%. However, the stock's 1-year performance has been -24.94%, while the Sensex has shown a positive performance of 20.40%.

MarketsMOJO has given a 'Strong Sell' call for Allcargo Logistics, indicating a negative outlook for the stock. As a midcap logistics company, Allcargo Logistics has been facing challenges in the current market conditions. Investors should carefully consider the company's performance and market trends before making any investment decisions.
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