TCI Stock Faces Dip, But Remains Strong Player in Logistics Industry

Transport Corporation of India (TCI) has recently faced a dip in its stock performance, with a loss of -5.63% on 2024-08-26. This midcap logistics company has been given a 'Hold' rating by MarketsMOJO, indicating a neutral stance on its stock.

In terms of price performance, TCI has underperformed the sector by -5.72% on the given day. The stock has also been on a consecutive fall for the last 2 days, with a decline of -7.13% during this period. It opened with a gap down of -6.38% today and touched an intraday low of Rs 1071.35.

However, TCI is still trading higher than its 5 day, 20 day, 50 day, 100 day, and 200 day moving averages, indicating a positive trend in the long run.

In comparison to the overall market performance, TCI has shown a decline of -5.81% in the last 1 day, while the Sensex has seen a growth of 0.49%. In the last 1 month, TCI has outperformed the Sensex with a growth of 9.77% compared to the market's 0.18% growth.

Despite the recent dip in its stock performance, TCI remains a strong player in the logistics industry. With its consistent growth and positive long-term trend, it continues to be a reliable choice for investors.