Blue Dart Express Stock Sees -3.86% Decline After Two Days of Gains

Blue Dart Express, a leading logistics company in India, saw a decline of -3.86% in its stock price on July 18, 2024. This drop comes after two consecutive days of gains for the company's stock. The stock is currently trading at a price that is 3.8% lower than its 52-week high of Rs 8980.

According to MarketsMOJO, a leading stock analysis and recommendation platform, the current call for Blue Dart Express is 'Hold'. The stock has also underperformed the sector by -3.06% in today's trading session.

The stock's intraday low was recorded at Rs 8619.8, a decrease of -3.86% from its previous closing price. However, Blue Dart Express is still trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.

In comparison to the overall market performance, Blue Dart Express has seen a decline of -4.71% in the past day, while the Sensex has only dropped by -0.05%. However, in the past month, the company's stock has outperformed the Sensex with a growth of 6.90% compared to the Sensex's 4.37% growth.

Blue Dart Express is a largecap company in the logistics industry, providing services such as express delivery, freight forwarding, and supply chain solutions. While the recent drop in stock price may be a cause for concern for some investors, it is important to note that the company's fundamentals and market position remain strong. Investors are advised to hold their positions and monitor the stock's performance in the coming days.