Blue Dart Express Faces Sustained Decline Amid Broader Market Gains

Blue Dart Express, a midcap player in the transport services industry, has experienced a significant decline today, with its stock price dropping by 5.61%. This performance marks a notable underperformance compared to the broader market, as the Sensex has gained 0.14% during the same period. Over the past week, Blue Dart Express has seen a cumulative loss of 10.67%, while the Sensex has only declined by 1.53%.
The stock has been on a downward trend for five consecutive days, resulting in a total return of -10.8% during this timeframe. Today, it reached an intraday low of Rs 6,146, reflecting a decrease of 5.75%. Additionally, Blue Dart Express is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a sustained bearish trend.

In terms of longer-term performance, Blue Dart Express has faced challenges, with a year-to-date decline of 11.10% and a staggering 21.60% drop over the past year. In contrast, the Sensex has shown a slight gain of 4.25% year-to-date, highlighting the disparity in performance between the stock and the broader market.