Why is Allcargo Termi falling/rising?
As of 06-Nov, Allcargo Terminals Ltd's stock price is Rs 31.93, down 5.06% and has underperformed significantly compared to the benchmark Sensex, which has gained 6.62% year-to-date. Despite a recent increase in investor participation, the stock has seen a total decline of 15.53% this year and continues to trade below several key moving averages.
As of 06-Nov, Allcargo Terminals Ltd is experiencing a decline in its stock price, currently at Rs 31.93, which represents a decrease of Rs 1.7 or 5.06%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 6.03% during this period. Additionally, the stock's performance over the past week shows a decrease of 5.92%, and it has underperformed its sector by 3.78% today. The stock's recent trading activity indicates a weighted average price closer to its intraday low of Rs 31.8, and while it is trading above the 100-day and 200-day moving averages, it is below the 5-day, 20-day, and 50-day moving averages. Notably, there has been a significant increase in investor participation, with delivery volume rising by 146.83% against the 5-day average, suggesting some interest despite the price drop.Broader market context shows that while Allcargo Terminals Ltd has faced a year-to-date decline of 15.53%, the benchmark Sensex has gained 6.62% during the same period, indicating a stark contrast in performance. Over the past month, the stock has decreased by 14.17%, while the Sensex has increased by 1.86%. This underperformance relative to the benchmark suggests that broader market conditions may not be favoring Allcargo Terminals Ltd, contributing to its recent price decline.
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