Blue Dart Express Stock Sees -5.4% Decline, Long Term Averages Remain Higher

Blue Dart Express, a midcap logistics company, saw a decline of -5.4% in its stock on July 22, 2024. The stock has been given a 'Hold' call by MarketsMOJO. The company's performance today was lower than the sector by -5.48%. This marks the third consecutive day of losses for the stock, with a total decline of -12.94% in this period. The stock opened with a loss of -3.04% today and touched an intraday low of Rs 7792.05 (-5.68%).

Despite these recent losses, Blue Dart Express' moving averages are still higher than the 50 day, 100 day, and 200 day moving averages. However, they are lower than the 5 day and 20 day moving averages. This indicates a mixed trend for the stock in the short term.

In comparison to the Sensex, Blue Dart Express' 1 day performance was -5.29% while the Sensex only saw a decline of -0.23%. Over the past month, the company's performance has been 1.21% while the Sensex has seen a growth of 4.16%.

Overall, Blue Dart Express' stock has seen a decline in recent days, but its long term moving averages are still higher. Investors may want to keep an eye on the stock's performance in the coming days to see if it can recover from its recent losses.