Mahindra Logistics shares off day's high, settle with 3% gains. Technical views - Business Today

Shares of Mahindra Logistics Ltd surged 10.90% on Tuesday, reaching an intraday high of Rs 430. However, the stock later reversed some of its gains and closed 3.07% higher at Rs 399.65. The trading volume was significantly higher than the average, with 1.33 lakh shares changing hands. Some analysts believe that the stock is bullish but overbought and may find support around Rs 400. The company's stock has gained 14.22% from its 52-week low but has fallen 29.55% from its one-year price.

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