TCI Express Hits 52-Week Low Amid Ongoing Challenges in Logistics Sector
TCI Express, a small-cap logistics company, has hit a new 52-week low, reflecting significant volatility and underperformance compared to its sector. The stock has dropped consecutively over two days, with a notable decline over the past year, contrasting sharply with broader market gains.
TCI Express, a small-cap player in the logistics industry, has experienced significant volatility today, reaching a new 52-week low of Rs. 715.05. This decline marks a notable underperformance, with the stock trailing its sector by 1.82%. Over the past two days, TCI Express has seen a consecutive drop, accumulating a total loss of 9.24%. The stock's intraday performance also reflected this downward trend, hitting a low of Rs. 715.05, which represents a decrease of 4.33% for the day. In terms of moving averages, TCI Express is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a sustained bearish trend.
Over the past year, TCI Express has faced challenges, with its stock price declining by 44.93%, contrasting sharply with the Sensex, which has gained 8.30% during the same period. These metrics highlight the ongoing struggles faced by TCI Express in a competitive logistics market.
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