JITF Infra Logistics Sees Strong Trading Day, Outperforms Sector by 7.47%

JITF Infra Logistics, a smallcap logistics company, saw a positive trading day on November 1st, 2024. The stock gained 7.99%, outperforming the sector by 7.47%. This marks the fourth consecutive day of gains for the company, with a total increase of 25.89% in the past four days.

The stock opened with a gap up of 4.78% and reached an intraday high of Rs 890, a 10.62% increase from the previous day's close. It also showed high volatility, with an intraday volatility of 9.93%, calculated from the weighted average price.

JITF Infra Logistics' stock is currently trading above its 5-day, 20-day, and 200-day moving averages, but below its 50-day and 100-day moving averages. This indicates a mixed trend for the stock in the short term.

In comparison to the Sensex, JITF Infra Logistics' stock has outperformed with a 1-day performance of 8.04% versus the Sensex's -0.34%. However, in the past month, the stock has underperformed with a -2.46% return compared to the Sensex's -5.45% return.

Overall, JITF Infra Logistics had a positive trading day on November 1st, with a strong performance and high volatility. Investors should continue to monitor the stock's performance and keep an eye on any potential changes in the moving averages.