Allcargo Logistics' Stock Price Hits 52-Week Low, MarketsMOJO Issues 'Sell' Call

Oct 25 2024 02:35 PM IST
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On October 25th, 2024, Allcargo Logistics, a midcap logistics company, saw a -5.44% decline in its stock price, closing at Rs. 54.6, a new 52-week low. MarketsMojo has given a 'Sell' call for the stock, which has underperformed the sector by -3.06% and is trading below all its moving averages. The logistics sector as a whole has also seen a decline of -2.48%.


Allcargo Logistics, a midcap logistics company, experienced a decline in its stock price on October 25th, 2024. The stock lost -5.44% and closed at Rs. 54.6, hitting a new 52-week low. MarketsMOJO has given a 'Sell' call for the stock.

The stock's performance today was underwhelming, as it underperformed the sector by -3.06%. This is the second consecutive day of losses for Allcargo Logistics, with a total fall of -5.93% in the past two days. The stock also touched an intraday low of Rs. 54.6, a decline of -5.45%.

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. The logistics sector as a whole has also seen a decline of -2.48%.

In comparison to the Sensex, Allcargo Logistics' performance in the past day and month has been -5.40% and -18.86%, respectively. This is significantly lower than the Sensex's performance of -1.09% and -7.02% in the same time periods.

Investors and experts are advised to take note of the recent decline in Allcargo Logistics' stock price and the 'Sell' call by MarketsMOJO. The company's performance in the logistics sector has been underwhelming, and its stock price has been consistently falling.
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