Allcargo Logistics Stock Falls -5.07% and Receives 'Sell' Call from MarketsMOJO

Oct 07 2024 03:20 PM IST
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Allcargo Logistics, a midcap logistics company, has seen a -5.07% decline in its stock price on October 7th, 2024. This has resulted in a 'Sell' call by MarketsMojo. The stock is currently trading near its 52-week low and has underperformed the sector by -2.67%. It has also been on a downward trend for the past 3 days, with a -9.1% fall. Allcargo Logistics is trading below its moving averages and has performed worse than the sector, with a -5.12% decrease in its stock price. The logistics sector as a whole has also seen a decline of -2.39%.

Allcargo Logistics, a midcap logistics company, has seen a decline in its stock price by -5.07% on October 7th, 2024. This has led to a 'Sell' call by MarketsMOJO. The stock is currently trading close to its 52-week low, with a difference of only 2.12%. It has also underperformed the sector by -2.67% today.

The stock has been on a downward trend for the past 3 days, with a fall of -9.1% during this period. On October 7th, the stock touched an intraday low of Rs 59.85, which is a decrease of -5.15%. Allcargo Logistics is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.

The logistics sector as a whole has also seen a decline of -2.39%. In comparison, Allcargo Logistics has performed worse with a -5.12% decrease in its stock price, while the Sensex has only seen a -0.80% decrease.

Looking at the past month, Allcargo Logistics has seen a -11.24% decrease in its stock price, while the Sensex has only seen a -0.19% decrease. With these numbers, it is clear that Allcargo Logistics has been underperforming in the market.

Investors should keep an eye on Allcargo Logistics and the logistics sector as a whole, as they continue to face challenges in the market.
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