Jetking Infotrain Hits 52-Week High Amid Volatile Trading Session

Dec 24 2024 09:35 AM IST
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Jetking Infotrain has recently been added to MarketsMojo's list following a revision in its score, reflecting its strong performance metrics. Despite reaching a new 52-week high, the stock has shown some volatility and underperformed its sector today. Over the past year, it has delivered impressive returns, significantly surpassing the Sensex.
Jetking Infotrain, a microcap player in the IT education sector, has recently reached a new 52-week high, with its stock price hitting Rs. 164.64 on December 24, 2024. This milestone comes after a notable performance over the past year, where the company has seen an impressive increase of 140.26%, significantly outpacing the Sensex, which recorded a gain of just 10.31% during the same period.

Despite this achievement, the stock has shown signs of volatility, experiencing a decline after ten consecutive days of gains. On the day of the new high, Jetking Infotrain opened with a 5% increase but later faced a downturn, reaching an intraday low of Rs. 148.96, reflecting a 5% drop from its peak.

Currently, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong short-term performance trend. However, it underperformed its sector by 6.63% today, highlighting the mixed signals in its recent trading activity.
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