Why is Tiger Logistics falling/rising?
As of 18-Nov, Tiger Logistics (India) Ltd's stock price is Rs. 39.70, down 0.77%, and has reached a new 52-week low. The stock has declined 7.42% over the last four days and 43.37% year-to-date, underperforming its sector and the broader market significantly.
As of 18-Nov, Tiger Logistics (India) Ltd is experiencing a decline in its stock price, currently at Rs. 39.70, which reflects a decrease of 0.31 or 0.77%. The stock has hit a new 52-week low of Rs. 39.01 today and has been on a consecutive fall for the last four days, resulting in a total drop of 7.42% during this period. Additionally, the stock has underperformed its sector by 0.47%. Over the past week, it has seen a decline of 4.61%, and year-to-date, it has plummeted by 43.37%. Despite a significant long-term gain of 1016.74% over five years, the recent performance indicates a troubling trend, with the stock trading below all key moving averages.In the broader market context, the Sensex has shown a positive return of 0.96% over the past week, contrasting sharply with Tiger Logistics' negative performance. This disparity highlights the stock's underperformance relative to the benchmark. While there has been a rise in investor participation, with delivery volume increasing by 33.73% against the five-day average, the overall liquidity remains adequate for trading. However, the lack of available positive factors in the dashboard suggests that there are no significant catalysts to reverse the stock's downward trajectory in the near term.
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