Jet Freight Logistics Faces Increased Trading Activity Amid Market Challenges
Jet Freight Logistics Ltd, a microcap in the Transport Services sector, faced notable trading activity as its stock hit the lower circuit limit. The stock's performance was below the sector average, with a significant decline over the past two days and increased investor participation in trading volumes.
Jet Freight Logistics Ltd, a microcap player in the Transport Services industry, experienced significant trading activity today as its stock hit the lower circuit limit. The last traded price (LTP) stood at Rs 15.12, reflecting a decline of Rs 0.80 or 5.03% from the previous close. The stock's performance was notably below the sector average, underperforming by 4.21%.During the trading session, Jet Freight Logistics reached an intraday high of Rs 16.27 and a low of Rs 15.12, indicating a price band of 5%. The total traded volume was approximately 1.69 lakh shares, resulting in a turnover of Rs 0.26 crore. Over the past two days, the stock has seen a consecutive decline, with a total drop of 9.79%.
Despite being above the 20-day, 50-day, 100-day, and 200-day moving averages, the stock remains below the 5-day moving average. Additionally, there has been a rise in investor participation, with delivery volume increasing by 6.2% compared to the 5-day average. Overall, Jet Freight Logistics Ltd's performance today reflects a challenging market environment, with the stock's recent trends indicating a need for careful observation.
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