MarketsMOJO Adjusts Evaluation of ABM Knowledgeware Amid Strong Stock Performance

Jan 01 2025 09:35 AM IST
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ABM Knowledgeware has recently seen a revision in its score, reflecting its strong performance in the IT software sector. The stock has been added to MarketsMojo's list, following a notable increase in its value and consistent gains over the past few days. Its annual return significantly surpasses that of the Sensex, indicating robust market positioning.
ABM Knowledgeware, a microcap player in the IT software industry, has recently made headlines as its stock price reached a new 52-week high of Rs.194.4. This milestone was achieved on January 1, 2025, marking a significant moment for the company. The stock has demonstrated impressive performance, outperforming its sector by 5.01% today alone, and has seen a remarkable rise of 46.88% over the past three days.

The stock opened with a notable gain of 3.5% and touched an intraday high of Rs.194.4, reflecting an increase of 8.76% during the trading session. ABM Knowledgeware's performance over the past year has also been commendable, with a return of 46.92%, significantly outpacing the Sensex, which recorded an 8.02% increase in the same period.

In light of these developments, MarketsMOJO has made an adjustment in its evaluation of ABM Knowledgeware, reflecting the stock's recent performance and market position. The company is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend.
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