Jetking Infotrain Ltd Faces Significant Selling Pressure with 13.59% Weekly Loss and 4.98% Decline Today
Jetking Infotrain Ltd is experiencing notable selling pressure, with its stock declining over consecutive days. Recently, it has dropped significantly over the past week and three months, contrasting with the performance of the Sensex. The stock is currently trading below multiple moving averages, indicating a bearish market sentiment.
Jetking Infotrain Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced consecutive losses over the past two days, with a total decline of 7.53%. Today, Jetking Infotrain's stock price fell by 0.43%, underperforming the Sensex, which decreased by only 0.12%. In the past week, Jetking Infotrain has seen a substantial drop of 13.59%, contrasting sharply with the Sensex's gain of 1.39%. Over the last three months, the stock has plummeted by 48.10%, while the Sensex has risen by 4.69%. Despite a strong performance over the past year, where Jetking Infotrain surged by 175.80% compared to the Sensex's 8.76%, recent trends indicate a troubling shift.
The stock opened with a significant gap down of 4.26% today and reached an intraday low of Rs 166, reflecting a decline of 4.98%. Additionally, Jetking Infotrain is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, further highlighting the prevailing selling sentiment in the market.
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