Chartered Logistics Faces Intense Selling Pressure Amid Significant Price Declines

Mar 17 2025 02:20 PM IST
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Chartered Logistics Ltd is experiencing notable selling pressure, with the stock declining for six consecutive days and losing nearly 10% in that period. It has underperformed against the benchmark Sensex over various time frames, trading below multiple moving averages, indicating a prevailing bearish trend amid broader market challenges.
Chartered Logistics Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced a consecutive decline over the past six days, resulting in a total loss of 9.92% during this period. Today, the stock fell by 4.00%, while the benchmark Sensex gained 0.54%, highlighting a stark contrast in performance.

Over the past week, Chartered Logistics has seen a decline of 9.43%, compared to a modest 0.16% increase in the Sensex. The one-month performance reveals a drop of 15.96%, while the Sensex decreased by only 2.32%. More notably, the stock has underperformed significantly over the last three months, with a staggering 39.38% decline against the Sensex's 8.00% drop.

The price summary indicates that Chartered Logistics is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, further emphasizing the prevailing bearish trend. Contributing factors to this selling pressure may include broader market conditions and sector-specific challenges, which have led to a lack of buyer interest in the stock.
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