Chartered Logistics Faces Intense Selling Pressure Amid Consecutive Losses and Underperformance

Chartered Logistics Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced consecutive losses, falling by 9.70% in just one day, and has seen a total decline of 11.02% over the past two days. This trend is particularly concerning as the stock has underperformed the broader logistics sector, which has declined by 3.12%.
In terms of performance relative to the Sensex, Chartered Logistics has consistently lagged behind. Over the past week, the stock is down 3.49% compared to the Sensex's 6.22% decline. The one-month performance shows a stark drop of 13.41% against the Sensex's modest 2.33% decrease. Over three months, the stock has plummeted by 40.45%, while the Sensex has only fallen by 7.16%. Year-to-date, Chartered Logistics is down 35.14%, significantly underperforming the Sensex, which has seen a decline of 7.09%.

Currently, the stock is trading just 3% above its 52-week low of Rs 7.75 and is below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. These factors indicate a challenging environment for Chartered Logistics as it navigates through this period of heightened selling activity.