Jet Freight Logistics Faces Intense Selling Pressure Amid Notable Price Decline

Jet Freight Logistics Ltd is currently facing significant selling pressure, with today's trading session showing only sellers in the market. The stock has experienced a notable decline of 4.06%, sharply contrasting with the Sensex's modest drop of 0.74%. This downturn marks a trend reversal after six consecutive days of gains, indicating a shift in market sentiment.
Over the past week, Jet Freight Logistics has outperformed the Sensex with a gain of 15.30%, but the recent selling activity has overshadowed this positive momentum. In the last month, the stock has risen by 30.91%, significantly outperforming the Sensex's 3.69% increase. However, year-to-date performance reveals a decline of 13.20% for Jet Freight, while the Sensex has gained 4.24%.

The stock's performance over three years shows a stark contrast, with Jet Freight down 45.09% compared to the Sensex's impressive rise of 49.93%. Despite trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, the current selling pressure suggests underlying challenges that may be influencing investor sentiment.