Allcargo Logistics Shows Significant Market Activity Amid Sector Outperformance

Allcargo Logistics Ltd, a small-cap player in the Transport Services industry, has emerged as one of the most active equities today, with a total traded volume of 7,581,116 shares and a total traded value of approximately Rs 27.38 crores. The stock opened at Rs 34.50, reflecting a gain of 2.47% from the previous close of Rs 33.67, and reached an intraday high of Rs 36.85, marking a notable increase of 9.44% during the trading session.
Today’s performance indicates that Allcargo Logistics has outperformed its sector by 6.8%, reversing a trend after two consecutive days of decline. The stock's last traded price stands at Rs 35.75. Despite this positive movement, the delivery volume has seen a decline of 11.1% compared to the five-day average, with 713,000 shares delivered on July 14.

In terms of technical indicators, the stock is currently above its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below the 200-day moving average. Additionally, Allcargo Logistics boasts a high dividend yield of 6.24% at the current price, and its liquidity remains adequate for trading sizes around Rs 0.12 crores. Overall, Allcargo Logistics has shown a robust performance today, reflecting significant activity in the market.