JITF Infra Logistics Faces Intense Selling Pressure Amid Significant Price Declines

JITF Infra Logistics Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The stock has experienced consecutive losses over the past two days, declining by 3.95% during this period. Today, JITF opened with a gap down of 2%, reaching an intraday low of Rs 392.3, and has since traded at this price without any notable range.
In terms of performance, JITF Infra Logistics has underperformed the broader market, with a 1-day decline of 2.00% compared to the Sensex's modest gain of 0.37%. Over the past week, the stock managed a slight increase of 0.85%, while the Sensex rose by 0.36%. However, the longer-term view reveals a stark contrast, as JITF has plummeted by 50.88% over the past year, while the Sensex has gained 8.88%.

Several factors may be contributing to the selling pressure, including the stock's current trading position below key moving averages (5-day, 20-day, 50-day, 100-day, and 200-day), indicating a bearish trend. The small-cap company's performance has also lagged significantly behind the Sensex over various time frames, raising concerns among market participants.