This underperforming smallcap logistics stock zooms up to 7%: Here's why

Shares of the logistics institution TCI Express zoomed up to 6.6 per cent astatine the day's precocious to Rs 885.95 per stock connected the BSE. The banal gained strenghth amid buoyancy successful the marketplace arsenic the Nifty gained up to 23,750 levels successful greeting commercialized connected Tuesday (November 19).

At arounf 11:19 am, shares were up 2.57 per cent astatine Rs 852.55, losing overmuch of its aboriginal gains.

The gains successful the banal are mostly spurred aft the communal money location HDFC Mutual Fund bought 0.26 per cent involvement successful the entity successful an unfastened marketplace transaction. After the deal, the company's involvement successful the communal money location has been accrued to 5.15 per cent from the erstwhile 4.89 per cent.

As per the inputs, the said woody was executed connected November 14.

Technicals

The stock's RSI is trading successful precocious oversold levels with the indicator astatine 16.2

Also, it is trading beneath its 50-day SMA and 200-day SMA

TCI Express stock terms performance

The company's banal successful the past 1 twelvemonth has yielded a antagonistic instrumentality of 40 per cent. Also, the company's scrip connected a YTD ground has gone down by 38 per cent.