Mahindra Logistics Hits 52-Week Low Amid Broader Market Challenges in October 2023

Feb 12 2025 10:36 AM IST
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Mahindra Logistics has reached a new 52-week low, continuing a four-day downward trend with an overall decline of 8.04%. Despite this, the stock outperformed its sector today. It opened higher but ultimately traded below key moving averages, reflecting a bearish trend in the short to medium term.
Mahindra Logistics has experienced significant activity today, reaching a new 52-week low of Rs. 338. The stock has been on a downward trend, having fallen consecutively for the past four days, resulting in an overall decline of 8.04% during this period. Despite this, Mahindra Logistics outperformed its sector by 1.42% today, indicating some resilience amidst broader market challenges.

The stock opened with a gain of 2.13%, reaching an intraday high of Rs. 355 before dipping to its day's low of Rs. 338, reflecting a decrease of 2.76%. In terms of moving averages, Mahindra Logistics is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day averages, suggesting a bearish trend in the short to medium term.

Over the past year, Mahindra Logistics has seen a decline of 8.78%, contrasting sharply with the Sensex, which has gained 6.46%. The logistics sector overall has also faced challenges, with a decline of 3.75%. These metrics highlight the current performance landscape for Mahindra Logistics within the logistics industry.
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