Jhaveri Credits Faces Significant Volatility Amidst Broader Sector Declines in October 2023

Feb 14 2025 02:35 PM IST
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Jhaveri Credits & Capital, a microcap in the Finance/NBFC sector, has faced notable volatility, reaching a new 52-week low. The stock has declined significantly over the past four days and is trading below all major moving averages, reflecting a bearish trend amid a generally negative sector performance.
Jhaveri Credits & Capital, a microcap player in the Finance/NBFC sector, has experienced significant volatility today, hitting a new 52-week low of Rs. 200.6. This marks a notable decline as the stock has underperformed its sector by 4.88%. Over the past four days, Jhaveri Credits has seen a consecutive fall, resulting in a total decline of 10.75% during this period.

Intraday trading revealed a high of Rs. 224.95, reflecting a 3.81% increase at its peak, while the stock's low of Rs. 200.6 represented a decrease of 7.43%. The stock's intraday volatility was recorded at 5.72%, indicating heightened fluctuations in price.

In terms of moving averages, Jhaveri Credits is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day averages, suggesting a bearish trend. Over the past year, the stock has declined by 51.51%, contrasting sharply with the Sensex, which has gained 5.55%. The overall performance of the Finance/NBFC sector has also been negative, with a drop of 2.66%.
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