Why is Allcargo Termi falling/rising?
As of 12-Nov, Allcargo Terminals Ltd's stock price is at Rs 34.45, up 5.35% and showing strong upward momentum with significant delivery volume increases. Despite recent gains, the stock has underperformed year-to-date compared to the Sensex.
As of 12-Nov, Allcargo Terminals Ltd's stock price is rising, currently at Rs 34.45, reflecting an increase of Rs 1.75 or 5.35%. The stock has shown positive momentum, gaining for the last two days and achieving a total return of 7.02% during this period. It opened with a gain of 2.42% today and reached an intraday high of Rs 34.65. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. The delivery volume has also increased significantly, rising by 63.59% compared to the 5-day average, suggesting heightened investor interest. Unfortunately, there is no information available regarding positive or negative factors that could further explain the stock's recent movement.Broader market context shows that Allcargo's short-term performance has outpaced the Sensex, with a 1-week return of +2.44% compared to the benchmark's +1.21%. However, over the longer term, the stock has underperformed, with a year-to-date decline of -8.86% against the Sensex's gain of +8.10%. This contrast highlights that while the stock is currently experiencing a positive phase, its overall performance in the market has been less favorable in the longer term.
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