JITF Infra Logistics Stock Drops -7.15% Amidst Underperformance in Logistics Sector

JITF Infra Logistics, a smallcap logistics company, saw a decline of -7.15% in its stock price on September 2nd, 2024. This drop was in line with the overall underperformance of the logistics sector, with the stock falling -7.69% compared to the sector's performance.

The stock has been on a downward trend for the past four days, with a total decline of -11.76% during this period. On September 2nd, the stock hit an intraday low of Rs 996.55, representing a -7.47% decrease from its previous closing price.

Despite this recent decline, JITF Infra Logistics' stock is still performing well in the long term. It is currently trading higher than its 50-day, 100-day, and 200-day moving averages. However, it is currently lower than its 5-day and 20-day moving averages.

In comparison to the overall market performance, JITF Infra Logistics' stock has underperformed, with a -7.22% decrease compared to the Sensex's 0.27% increase on September 2nd. However, in the past month, the stock has outperformed the Sensex with a 12.63% increase compared to the Sensex's 1.99% increase.

Overall, the stock call for JITF Infra Logistics by MarketsMOJO is 'Hold'. Investors should keep an eye on the stock's performance in the coming days to make informed decisions.