Why is Jet Freight falling/rising?
As of 31-Oct, Jet Freight Logistics Ltd is facing a decline in its stock price, currently at 12.29, down 2.15%. The stock has underperformed significantly against the market, with a year-to-date drop of 33.53%, contrasting with the Sensex's gain of 7.42%.
As of 31-Oct, Jet Freight Logistics Ltd is experiencing a decline in its stock price, currently at 12.29, which represents a decrease of 0.27 or 2.15%. The stock has underperformed its sector by 1.13% today and has been on a consecutive downward trend for the last two days, resulting in a total fall of 4.36% during this period. Additionally, Jet Freight is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Over the past week, the stock has declined by 3.15%, and its year-to-date performance shows a significant drop of 33.53%, contrasting sharply with the Sensex, which has gained 7.42% during the same timeframe. Unfortunately, there is no information available regarding positive or negative factors that could further explain the stock's recent movement.In the broader market context, Jet Freight's short-term performance has been notably weaker than the benchmark, as evidenced by its 1-week return of -3.15% compared to the Sensex's -0.32%. This underperformance highlights the stock's struggles in a market that has shown resilience, particularly over the last month where Jet Freight's return of -4.95% starkly contrasts with the Sensex's gain of 3.65%. The rising investor participation, indicated by a 49.7% increase in delivery volume, suggests some interest in the stock, but overall, the liquidity remains adequate for trading, reflecting a challenging environment for Jet Freight amidst a generally positive market backdrop.
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