Allcargo Logistics Hits 52-Week Low Amid Broader Sector Decline and Bearish Trends

Jan 22 2025 02:05 PM IST
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Allcargo Logistics has hit a new 52-week low, with its stock price declining significantly over the past year. The company has faced consecutive drops recently, underperforming compared to the logistics sector. Despite these challenges, it offers a high dividend yield, attracting potential investor interest.
Allcargo Logistics has reached a new 52-week low, with its stock price hitting Rs. 41.9 on January 22, 2025. This decline is part of a broader trend, as the company has seen a consecutive drop over the past three days, totaling 7.4%. On this day, Allcargo's performance lagged behind the logistics sector, which experienced a decline of 2.69%.

The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The intraday low of Rs. 41.9 reflects a decrease of 4.1%. Over the past year, Allcargo Logistics has faced a significant decline of 46.28%, contrasting sharply with the Sensex's gain of 6.26% during the same period.

Despite these challenges, Allcargo Logistics offers a high dividend yield of 4.81% at its current price, which may attract certain investors. The stock has been categorized as part of the Hidden Turnaround segment since November 14, 2024.
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