Ajcon Global Services Hits All-Time High Amidst Surge in Buying Activity

Ajcon Global Services Ltd is currently witnessing significant buying activity, with the stock surging by 20.00% today, outperforming the Sensex, which recorded a modest gain of 0.47%. Over the past week, Ajcon has demonstrated remarkable performance, climbing 50.48%, compared to the Sensex's 1.47% increase. The stock has shown consistent upward momentum, with a notable 44.42% rise over the last two days alone. Today, Ajcon opened with a gap up of 16.47% and reached an intraday high of Rs 103.98, marking a new 52-week and all-time high. The stock's performance over various time frames is impressive, with a 212.06% increase over the past year and a staggering 530.18% rise over the last decade, significantly outpacing the Sensex's respective gains of 7.67% and 211.82%. Several factors may be contributing to the heightened buying pressure, including strong market sentiment and positive developments within the non-banking financial company (NBFC) sector. Ajcon Global Services is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a robust bullish trend.