Allcargo Logistics Hits 52-Week Low Amid Broader Sector Challenges in October 2023

Feb 13 2025 03:35 PM IST
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Allcargo Logistics has reached a new 52-week low, reflecting a significant decline over the past three days. The stock is trading below multiple moving averages, indicating a bearish trend. Over the past year, it has dropped substantially, contrasting with the overall market's positive performance.
Allcargo Logistics has experienced significant activity today, reaching a new 52-week low of Rs. 35.7. This marks a notable decline, as the stock has underperformed its sector by 2.08%. Over the past three days, Allcargo has seen a consecutive fall, resulting in an overall decline of 8.35%. Today's trading session saw the stock hit an intraday low of Rs. 35.7, reflecting a decrease of 4.9%.

In terms of moving averages, Allcargo Logistics is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a bearish trend. The logistics sector as a whole has also faced challenges, with a decline of 2.09%. Despite these struggles, Allcargo Logistics offers a high dividend yield of 5.59% at its current price.

Over the past year, Allcargo Logistics has seen a significant drop of 50.97%, contrasting sharply with the Sensex, which has gained 6.41% during the same period. This performance highlights the ongoing challenges faced by the company within the logistics industry.
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