Jet Freight Logistics Surges to 52-Week High, Outperforming Sector and Sensex

Aug 27 2024 04:35 PM IST
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Jet Freight Logistics, a microcap logistics company, has seen a surge in its stock price, reaching a 52-week high of Rs.24.92 on August 27, 2024. The stock has outperformed the sector by -6.36% and is currently trading above its moving averages. With a remarkable growth of 113.70% in the past year, the company shows potential for future growth.

Jet Freight Logistics, a microcap logistics company, has recently seen a surge in its stock price, reaching a 52-week high of Rs.24.92 on August 27, 2024. This increase in stock price has caught the attention of investors and market analysts.

According to MarketsMOJO, a leading financial analysis platform, the current recommendation for Jet Freight Logistics is 'Hold'. The stock has underperformed the sector by -6.36% and has shown a trend reversal after three consecutive days of gains.

On the day of the price surge, Jet Freight Logistics saw a high volatility with an intraday volatility of 8.11%. The stock touched an intraday high of Rs.24.92, which is an increase of 8.07%, and an intraday low of Rs.20.76, a decrease of -9.97%.

Jet Freight Logistics is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in the stock's performance.

In the past year, Jet Freight Logistics has shown a remarkable growth of 113.70%, outperforming the Sensex's performance of 25.93%. This showcases the company's strong performance and potential for future growth.

Jet Freight Logistics is a microcap company in the logistics industry, providing efficient and reliable transportation services. With its recent surge in stock price and positive performance, the company is definitely one to watch in the logistics sector.
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