Jet Freight Logistics Surges Amid Broader Market Declines, Signaling Strong Investor Interest
Throughout the trading session, Jet Freight's stock fluctuated between a low of Rs 15.56 and the aforementioned high, with a total traded volume of approximately 1.99603 lakh shares, resulting in a turnover of Rs 0.3255 crore. The stock has been on a consistent upward trajectory, gaining for the last six consecutive days and accumulating a total return of 30.94% during this period.
Additionally, Jet Freight is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong bullish trend. The delivery volume on May 16 saw a significant increase of 100.52% compared to the 5-day average, reflecting rising investor participation. Overall, Jet Freight Logistics Ltd's performance today underscores its robust market position and positive momentum.
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