Strong Short-Term Momentum Drives Jyoti’s Price Rise
Jyoti Ltd’s recent price action demonstrates a significant short-term rally. Over the past week, the stock has appreciated by 6.07%, markedly outperforming the Sensex’s modest 0.50% gain during the same period. This momentum has extended into the current trading day, with the stock opening on a gap up of 6.44% and touching an intraday high of ₹96.60, representing an 8.81% increase from the previous close. The consecutive two-day gain has resulted in an 8.74% return, underscoring a strong buying interest in the near term.
Despite this recent surge, it is important to note that Jyoti’s year-to-date return remains negative at -2.02%, contrasting with the Sensex’s 9.56% gain. Over the one-year horizon, the stock has decl...
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