Sical Logistics Hits 52-Week Low Amid Sustained Downward Trend in Logistics Sector

Sical Logistics, a microcap player in the logistics industry, has experienced significant volatility today, marking a new 52-week low of Rs. 109.15. This decline comes after a series of four consecutive days of losses, during which the stock has dropped approximately 11.57%. Despite opening with a gain of 4.67%, the stock ultimately underperformed its sector by 5.25%. Throughout the trading session, Sical Logistics reached an intraday high of Rs. 119.85 but fell sharply to its day's low of Rs. 109.15. The stock's performance over the past year has been notably poor, with a decline of 56.95%, contrasting sharply with the Sensex, which has gained 7.98% during the same period. Additionally, Sical Logistics is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a sustained downward trend. Investors and market watchers will be keen to observe how the company navigates these challenging conditions in the logistics sector.