Ace Software Exports' Stock Reaches All-Time High, Outperforms IT Sector

Apr 17 2024 09:20 AM IST
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Ace Software Exports, a microcap IT software company, has been making waves in the stock market with its stock price reaching an all-time high of Rs.138.86 on April 17, 2024. The stock has been on a consecutive 11-day gaining streak and has outperformed the IT - Software sector by 4.11%. Despite a 'Sell' call from MarketsMojo, the company's strong hold and impressive 1-year performance of 716.82% make it a stock to watch in the IT industry.

Ace Software Exports, a microcap IT software company, has been making headlines in the stock market as its stock price reached an all-time high on April 17, 2024. The stock, which is currently trading at Rs.138.86, has been on a consecutive 11-day gaining streak and has outperformed the IT - Software sector by 4.11%.

The stock opened today with a gain of 2% and touched an intraday high of Rs.138.86. It has been trading at this price since the opening, indicating a strong hold in the market. Ace Software Exports is also trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which is a positive sign for investors.

In comparison, the IT - Software sector has seen a decline of -2.01%. However, Ace Software Exports has shown an impressive 1-year performance of 716.82%, while the Sensex has only seen a 20.71% growth in the same period.

MarketsMOJO has given a 'Sell' call for Ace Software Exports, but the company's recent performance and strong hold in the market may indicate otherwise. As a microcap company, Ace Software Exports has shown significant growth and potential in the IT - Software industry. Investors may want to keep an eye on this stock as it continues to make headlines in the stock market.
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