JITF Infra Logistics Ltd Achieves 4-Day Gain Streak Amid Strong Buying Activity

JITF Infra Logistics Ltd is currently witnessing significant buying activity, with the stock rising by 4.99% today, outperforming the Sensex, which gained 1.43%. Over the past week, JITF has shown a remarkable performance, increasing by 17.88%, compared to the Sensex's 5.17% rise. Notably, the stock has been on a consecutive gain streak for the last four days, accumulating a total return of 20.71% during this period.
The stock reached an intraday high of Rs 419.6 today, reflecting strong buyer interest. In terms of moving averages, JITF is currently above its 5-day and 20-day averages, although it remains below the 50-day, 100-day, and 200-day moving averages. This indicates a short-term bullish trend while suggesting potential resistance at longer-term averages.

The logistics sector as a whole has also seen positive momentum, gaining 2.25%. Factors contributing to the buying pressure in JITF Infra Logistics may include sector-wide optimism and recent performance trends, which have positioned the stock favorably against the broader market.