Jet Freight Logistics Faces Continued Decline Amid Decreased Investor Participation
Jet Freight Logistics Ltd faced notable trading activity, hitting its lower circuit limit and closing at Rs 13.90, marking a decline for the fourth consecutive day. The stock underperformed its sector, with decreased investor participation and a significant drop in delivery volume compared to recent averages.
Jet Freight Logistics Ltd, a microcap player in the logistics industry, has experienced significant trading activity today, hitting its lower circuit limit. The stock closed at a low price of Rs 13.90, reflecting a decline of Rs 0.74 or 5.05% from the previous trading session. This marks the fourth consecutive day of losses for the company, with a total decline of 17.3% over this period.The stock's performance today underperformed its sector by 4.5%, while the broader market, represented by the Sensex, saw a slight decline of 0.14%. The total traded volume for Jet Freight Logistics reached approximately 1.26 lakh shares, resulting in a turnover of Rs 0.175 crore.
In terms of moving averages, the stock is currently positioned higher than its 20-day and 50-day averages but lower than its 5-day, 100-day, and 200-day averages. Notably, investor participation has decreased, with delivery volume dropping by 73.98% compared to the 5-day average.
Overall, Jet Freight Logistics Ltd's performance today highlights ongoing challenges within the stock, reflecting broader market trends and investor sentiment.
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