JITF Infra Logistics Ltd 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, resulting in a total decline of 4.87%. Today, JITF Infra Logistics Ltd reported a performance drop of 2.30%, underperforming the Sensex, which fell by 0.66%.
In terms of broader performance metrics, JITF has struggled over the past month, down 1.47%, while the Sensex has gained 3.89%. Over the last three months, the stock has plummeted by 42.85%, compared to a modest decline of 1.24% in the Sensex. Year-to-date, JITF Infra Logistics Ltd has seen a staggering decline of 42.32%, contrasting sharply with the Sensex's slight drop of 0.81%.

The stock touched an intraday low of Rs 398.6 today, trading within a narrow range of Rs 1.4. While it remains above its 5-day and 20-day moving averages, it is below the 50-day, 100-day, and 200-day moving averages, indicating a challenging market position. The ongoing selling pressure may be attributed to various factors, including market sentiment and sector-specific challenges.