Allcargo Logistics Stock Sees Significant Increase

Dec 22 2023 09:45 AM IST
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Allcargo Logistics, a midcap logistics company, has seen a 7.39% increase in its stock price on December 22, 2023, outperforming the sector by 6.14%. The stock is currently trading at Rs. 312.05 per share and has been on a consecutive gain for the last two days. It is also trading higher than its moving averages, indicating a bullish trend. Allcargo Logistics has outperformed the Sensex by 7.23% in the last 1 day and 12.83% in the last 1 month, showcasing its strong performance and potential for growth in the logistics industry.

Allcargo Logistics, a midcap logistics company, has seen a significant increase in its stock price on December 22, 2023. The stock has gained 7.39% and is currently trading at Rs. 312.05 per share. This performance has outperformed the sector by 6.14%, indicating a positive trend for the company.

According to MarketsMOJO, a leading stock analysis platform, the stock call for Allcargo Logistics is 'Sell'. However, the company's recent performance suggests otherwise. The stock has been on a consecutive gain for the last two days, with a total return of 12.01% in this period. It also opened with a gain of 5.14% today and touched an intraday high of Rs. 312.05, showing strong momentum.

Allcargo Logistics is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bullish trend for the stock. This is a positive sign for investors and reflects the company's strong performance in the market.

In comparison to the overall market performance, Allcargo Logistics has outperformed the Sensex by 7.23% in the last 1 day and 12.83% in the last 1 month. This further highlights the company's strong performance and potential for growth in the logistics industry.

Overall, Allcargo Logistics has shown a promising performance in the stock market, with a significant increase in its stock price and outperforming the sector and market index. Investors can keep a close eye on the company's future performance and potential for growth in the logistics industry.
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