Jet Freight Logistics Faces Trading Challenges Amid Declining Investor Participation
Jet Freight Logistics Ltd faced significant trading activity as its stock hit the lower circuit limit, closing at Rs 11.70 after reaching a new 52-week low. The stock underperformed the logistics sector, with declining investor participation and trading volumes indicating ongoing challenges in the market.
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 stock closed at Rs 11.70, reflecting a decline of Rs 0.07. Notably, the stock reached a new 52-week low of Rs 11.18 during the trading session, indicating a challenging day for investors.The stock's performance today underperformed the sector, with a 1D return of -0.59%, while the logistics sector itself gained 3.33%. The total traded volume was approximately 0.34942 lakh shares, resulting in a turnover of Rs 0.04039 crore. The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, highlighting a persistent downward trend.
Additionally, investor participation appears to be waning, with delivery volume dropping by 32.45% compared to the 5-day average. As Jet Freight Logistics navigates these market challenges, the overall performance reflects a notable struggle within the current trading environment.
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