Jet Freight Logistics Faces Increased Trading Activity Amid Ongoing Stock Decline

Jet Freight Logistics Ltd, a microcap player in the logistics industry, experienced significant trading activity today as its stock hit the lower circuit limit. The last traded price stood at Rs 14.64, reflecting a decline of Rs 0.78 or 5.06% from the previous session. The stock's performance has been underwhelming, underperforming its sector by 4.85% and marking a consecutive fall over the last two days, resulting in a total decline of 9.85% during this period.
The stock reached an intraday high of Rs 15.42 and a low of Rs 14.64, with a total traded volume of approximately 0.81849 lakh shares, leading to a turnover of Rs 0.1212 crore. Despite the recent downturn, the stock remains above its 5-day, 20-day, 50-day, and 100-day moving averages, although it is below the 200-day moving average.

Investor participation has seen a notable increase, with delivery volume rising by 75.5% compared to the 5-day average. The liquidity of the stock is adequate for trading, based on 2% of the 5-day average traded value. Overall, Jet Freight Logistics Ltd's performance today highlights the challenges it faces in the current market environment.