Jet Freight Logistics Ltd's Stock Performance Receives 'Sell' Call from MarketsMOJO

Jan 05 2024 08:08 PM IST
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Jet Freight Logistics Ltd, a microcap logistics company, has been in the news for its stock performance. MarketsMojo has given a 'Sell' call as the stock dropped to 13.63 from a high of 14.54. While it has outperformed the sector in the long term, a recent decline of -2.43% may concern investors.

Jet Freight Logistics Ltd, a microcap logistics company, has been in the news recently due to its stock performance. According to MarketsMOJO, the stock has been given a 'Sell' call, with the stock touching a price of 13.63 after reaching a high of 14.54. This indicates a downward trend in the stock's performance.

In terms of today's performance, Jet Freight has underperformed the sector by -0.57%. This is a significant drop from the previous day's performance, where the stock had seen two consecutive days of gains. This could be seen as a trend reversal for the stock.

When looking at the moving averages, Jet Freight is currently trading higher than its 5 day, 20 day, 50 day, 100 day, and 200 day moving averages. This could indicate a positive outlook for the stock in the long term.

However, in the short term, the stock has seen a decline of -2.43% in just one day, while the Sensex has seen a slight increase of 0.25%. This could be a cause for concern for investors.

Overall, Jet Freight Logistics Ltd's stock performance has been volatile in recent days, with a 'Sell' call from MarketsMOJO. It remains to be seen how the company will fare in the coming days and if it can turn its performance around.
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