Jaykay Enterprises' Stock Declines -8.48% in Latest Trading Session, Still Outperforms Market in Long Term

Jaykay Enterprises, a smallcap textile company, has seen a decline of -8.48% in its stock price on October 22, 2024. According to MarketsMOJO, the stock is currently rated as 'Hold'.

In today's trading session, the stock underperformed the sector by -6.71%. It has also been on a consecutive fall for the last two days, with a total decline of -12.45% during this period. The stock touched an intraday low of Rs 125.22, showing a high volatility of 5.32% calculated from the weighted average price.

Despite the recent decline, Jaykay Enterprises' moving averages are still higher than the 20-day, 50-day, 100-day, and 200-day moving averages. However, it is lower than the 5-day moving average.

In comparison to the overall market performance, Jaykay Enterprises' stock has shown a decline of -8.65% in the last 1 day, while the Sensex has only declined by -0.30%. In the last 1 month, the stock has outperformed the Sensex with a growth of 48.63% compared to the Sensex's decline of -4.30%.

Overall, Jaykay Enterprises' stock has shown a decline in its performance in the recent trading session, but it has still outperformed the market in the longer term. Investors are advised to hold their positions and monitor the stock's performance in the coming days.