Allcargo Logistics Stock Sees Positive Trend, Outperforms Sector and Sensex

Allcargo Logistics, a midcap logistics company, has seen a positive trend in its stock performance on August 23, 2024. The stock has gained 6.79% and has been recommended as a 'Sell' by MarketsMOJO.

In terms of price, Allcargo Logistics has outperformed its sector by 6.45% today. The stock has also shown consecutive gains for the last 2 days, with a rise of 7.37% in this period. The day's high for the stock was Rs 72.47, showing an intraday increase of 7.14%.

Allcargo Logistics is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in its stock performance.

In comparison to the Sensex, Allcargo Logistics has shown a 1-day performance of 5.88%, while the Sensex has only shown a 0.08% performance. In the last month, Allcargo Logistics has outperformed the Sensex by 12.59%, with a 13.45% performance compared to the Sensex's 0.86%.

Overall, Allcargo Logistics has shown a strong performance in the stock market, with a positive trend and outperforming its sector and the Sensex. Investors may want to keep an eye on this midcap logistics company for potential future growth.