Recent Price Movement and Technical Indicators
The stock has been on a downward trajectory for the past two days, accumulating a loss of 10.32% during this period. On 20-Jan, Tiger Logistics touched an intraday low of ₹29.76, marking a 6.18% decline from previous levels. The weighted average price indicates that a larger volume of shares traded closer to the day’s low, signalling selling pressure among investors. Furthermore, the stock is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, underscoring a sustained bearish trend from a technical standpoint.
Comparison with Sector and Market Benchmarks
In the context of the broader logistics sector, Tiger Logistics has underperformed, with the...
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