Ritco Logistics Stock Sees -7.01% Decline, Rated 'Hold' by MarketsMOJO

Ritco Logistics, a smallcap logistics company, has seen a decline in its stock price by -7.01% on October 22, 2024. This decline has been reflected in the stock call given by MarketsMOJO, which has rated the stock as 'Hold'.

The stock has underperformed the sector by -4.59% on the same day. This is the third consecutive day of decline for Ritco Logistics, with a total fall of -9.11% in this period. The stock touched an intraday low of Rs 361.9, showing a decline of -7.09%.

However, despite this recent decline, Ritco Logistics' moving averages are still higher than the 20 day, 50 day, 100 day, and 200 day moving averages. The only exception is the 5 day moving average, which is currently lower.

In comparison to the Sensex performance, Ritco Logistics has underperformed with a -6.91% return in the last 1 day, while the Sensex has only seen a -1.11% decline. Over the last 1 month, Ritco Logistics has outperformed the Sensex with a 11.78% return, while the Sensex has seen a -5.08% decline.

Investors should keep an eye on Ritco Logistics' performance in the coming days to see if the stock can bounce back from its recent decline.