Jet Airways (India) Ltd Hits 52-Week Low Amidst Bearish Trend and 'Strong Sell' Call

Oct 25 2024 10:35 AM IST
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Jet Airways (India) Ltd, a microcap airline company, has hit a 52-week low on October 25th, 2024. The stock has been on a downward trend for 6 days, with a -10.6% fall in returns. This has led to a 'Strong Sell' call by MarketsMojo. The company is facing challenges in the current market conditions.


Jet Airways (India) Ltd, a microcap airline company, has recently hit a 52-week low on October 25th, 2024. The stock has been on a downward trend for the past 6 days, with a consecutive fall of -10.6% in returns during this period. This has led to a 'Strong Sell' call by MarketsMOJO.

The stock's performance today is in line with the overall sector, as the airline industry has seen a decline of -2.53%. Jet Airways (India) Ltd is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend.

In comparison to the Sensex, Jet Airways (India) Ltd has underperformed with a -39.42% return in the past year, while the Sensex has seen a positive return of 24.31%. This further supports the 'Strong Sell' call by MarketsMOJO.

As a microcap company in the airline industry, Jet Airways (India) Ltd is facing challenges in the current market conditions. However, the company is taking steps to improve its performance and regain investor confidence. It remains to be seen how the stock will perform in the coming days.
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