TCI Express Hits 52-Week Low Amid Persistent Downward Trend in Logistics Sector
TCI Express has reached a new 52-week low, with its stock price declining significantly over recent days. The company has underperformed its sector and is trading below multiple moving averages, indicating a persistent downward trend. Market sentiment remains cautious amid these challenging conditions.
TCI Express, a small-cap player in the logistics sector, has reached a new 52-week low, with its stock price hitting Rs. 777.6 today. This decline represents a significant downturn for the company, which has underperformed its sector by 1.93%. Over the past two days, TCI Express has seen a total decline of 4.86%, contributing to a year-over-year decrease of 43.71%. In contrast, the Sensex has gained 5.86% during the same timeframe.The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a persistent downward trend. Today's trading session recorded an intraday low of Rs. 777.6, reflecting a decrease of 2.8%. Market sentiment around TCI Express remains cautious as the company faces these challenging conditions.
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