Jet Freight Logistics Stock Surges, Highlighting Resilience in Logistics Sector
Jet Freight Logistics Ltd's stock reached the upper circuit limit, closing at Rs 15.22, with a notable increase. The stock demonstrated strong performance, outperforming its sector and achieving significant gains over the past four days. Despite a decline in delivery volume, liquidity remains sufficient for trading.
Jet Freight Logistics Ltd, a microcap player in the logistics industry, has captured attention today as its stock hit the upper circuit limit, closing at a high price of Rs 15.22. This marks a notable increase of Rs 0.72, translating to a 4.97% rise in value. The stock has shown impressive performance, outperforming its sector by 4.06% and achieving a remarkable 21.37% gain over the past four days.Throughout the trading session, Jet Freight's stock fluctuated between a low of Rs 14.44 and its peak of Rs 15.22, with a total traded volume of approximately 0.81519 lakh shares and a turnover of Rs 0.121 crore. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend.
Despite a decline in delivery volume, which fell by 19.79% compared to the 5-day average, Jet Freight maintains sufficient liquidity for trading. Overall, the stock's performance today reflects a robust position within the logistics sector, showcasing its resilience and growth potential.
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