JITF Infra Logistics Faces Intense Selling Pressure Amid Significant Price Declines

JITF Infra Logistics Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced a consecutive decline over the past four days, resulting in a total loss of 8.63% during this period. Today, the stock opened with a gap down of 2%, reaching an intraday low of Rs 382.85.
In terms of performance, JITF Infra Logistics has notably underperformed relative to the Sensex. Over the last day, the stock fell by 2.00%, while the Sensex experienced a minimal decline of just 0.03%. Over the past week, JITF's performance dropped by 4.20%, contrasting sharply with the Sensex's gain of 0.88%. The stock's longer-term performance also reflects a troubling trend, with a 45.40% decline over the past three months and a staggering 44.59% drop year-to-date.

Several factors may be contributing to this selling pressure, including market sentiment and broader economic conditions affecting the logistics sector. The stock's current price is above its 20-day moving average but below its 5-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend.