Container Corporation Of India's Stock Price Declines by -3.76% on May 7, Underperforming Logistics Sector

Container Corporation Of India (CONCOR) has experienced a decline in its stock price by -3.76% on May 7, 2024. This underperformance is in comparison to the logistics sector, where the stock has fallen by -2.12%. The stock has been on a downward trend for the past two days, with a total decline of -5.78% during this period.

On May 7, the stock touched an intraday low of Rs 993.45, representing a decrease of -3.79%. However, the stock's moving averages, including the 20-day, 50-day, 100-day, and 200-day, are all higher than its current price. The only exception is the 5-day moving average, which is lower.

In terms of performance, Container Corporation Of India Ltd has underperformed the Sensex by -3.03% on a single day basis, with a return of -3.73% compared to the Sensex's -0.70%. Over the past month, the stock has outperformed the Sensex by 7.70%, with a return of 6.53% compared to the Sensex's -1.17%.

Despite the recent decline in stock price, MarketsMOJO has given a 'Hold' call for Container Corporation Of India. This neutral stance is based on the company's current performance and does not take into account any future potential or expert opinions. As a largecap company in the logistics industry, Container Corporation Of India continues to be a significant player in the market.