Allcargo Logistics Stock Hits 52-Week Low Amidst Sector Decline

Allcargo Logistics, a midcap logistics company, has recently seen a dip in its stock price, reaching a 52-week low on October 25, 2024. The stock has been underperforming the sector by -2% and has been on a consecutive fall for the past two days, with a -4.34% return during this period.

On October 25, the stock touched an intraday low of Rs 55.21, a decrease of -4.4%. This decline in stock price can be attributed to the overall performance of the logistics sector, which has fallen by -2.11%.

Allcargo Logistics is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a downward trend in its stock price.

In comparison to the Sensex, Allcargo Logistics has seen a -12.05% performance in the past year, while the Sensex has shown a positive growth of 24.31%.

MarketsMOJO has given a 'Sell' call for Allcargo Logistics, suggesting that investors may want to consider selling their shares in the company. However, it is important to note that this is not a recommendation and should not be taken as financial advice.

Despite the recent dip in stock price, Allcargo Logistics remains a midcap company in the logistics industry. It will be interesting to see how the company performs in the coming days and if it can bounce back from its current low.