Blue Dart Express Faces 5.1% Decline Amid Broader Market Trends

Dec 27 2024 03:45 PM IST
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Blue Dart Express has seen a revision in its score following a recent decline in stock performance. The logistics company's stock fell significantly, underperforming against its sector and broader market indices. Despite this setback, Blue Dart Express has been added to MarketsMojo's list, indicating ongoing interest in its potential.
Blue Dart Express, a prominent player in the logistics industry, has recently experienced a notable decline in its stock performance. On December 27, 2024, the company's shares fell by 5.1%, underperforming the broader market sector by nearly 5%. This downturn follows a brief period of gains, marking a trend reversal after two consecutive days of positive movement.

During the trading session, Blue Dart's stock reached an intraday low of Rs 6,970, reflecting a decrease of 5.54%. The company's performance over the past month has also been lackluster, with a decline of 6.01%, compared to a slight drop of 1.91% in the Sensex index.

Additionally, Blue Dart Express is currently trading below its key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This trend indicates a challenging market position for the midcap logistics firm as it navigates through recent fluctuations in stock performance.
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