ABM Knowledgeware Achieves Record Stock Price Amidst Broader IT Sector Decline

Jan 18 2025 09:20 AM IST
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ABM Knowledgeware has achieved a record stock price of Rs. 237.7, reflecting a 63.40% increase over the past year, significantly outperforming the Sensex. Despite recent gains, the stock faced a decline today, yet remains above key moving averages, indicating a generally positive performance amid sector challenges.
ABM Knowledgeware has reached an all-time high stock price of Rs. 237.7 today, marking a significant milestone for the company. Over the past year, ABM Knowledgeware has demonstrated impressive performance, achieving a gain of 63.40%, which notably outpaces the Sensex's rise of 7.16% during the same timeframe.

Despite this achievement, the stock has underperformed its sector by 0.82%. After three consecutive days of gains, the stock opened 4.28% higher today but faced a decline, hitting a day's low of Rs. 220, reflecting a decrease of 3.49%.

Currently, ABM Knowledgeware is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a generally positive trend in its performance. In contrast, the broader IT software sector has experienced a decline of 2.23% today, highlighting the stock's relative strength despite sector challenges.
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