Jet Airways (India) Hits 52-Week Low Amidst Market Underperformance

Jet Airways (India), a leading Indian airline company, has recently hit a 52-week low in its stock price. On October 23, 2024, the stock price touched Rs. 36, which is the lowest it has been in the past year. This has led to a 'Strong Sell' call by MarketsMOJO, a leading financial analysis platform.

The stock has been underperforming in the market, with a -1.13% difference from the sector's performance. In the last four days, the stock has been on a downward trend, with a -9.32% decrease in returns. Today, the stock reached an intraday low of Rs. 36, showing high volatility with an intraday volatility of 201.95%.

Jet Airways is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend in the market. In comparison to the Sensex, Jet Airways has had a negative performance of -38.43% in the past year, while the Sensex has shown a positive performance of 24.25%.

Jet Airways is a microcap company in the airline industry, providing domestic and international flights to customers. The recent drop in stock price may be attributed to various factors such as the current economic climate, rising fuel prices, and competition in the market. Investors are advised to carefully consider their options before making any decisions regarding Jet Airways stock.