Allied Digital Services Hits 52-Week High, Outperforms Sector with Strong Performance

Jul 01 2024 11:35 AM IST
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Allied Digital Services, a smallcap IT software company, has reached a 52-week high with its stock price hitting Rs.209.75 on July 1st, 2024. The stock has gained 28.44% in the past 3 days and is currently trading above its moving averages. With a strong performance in the past year, the company shows potential for growth in the IT software industry.

Allied Digital Services, a smallcap IT software company, has recently hit a 52-week high with its stock price reaching Rs.209.75 on July 1st, 2024. The company's stock has been on an upward trend for the past 3 days, gaining 28.44% in that period. This has led to a 'Hold' call by MarketsMOJO, indicating a neutral stance on the stock.

Today, Allied Digital Services outperformed the sector by 10.89%, opening with a gain of 3.65%. The stock also saw high volatility, with an intraday volatility of 6.62%. This can be attributed to the stock's high intraday high of Rs.209.75, which is a 14.27% increase from its previous close.

In terms of moving averages, Allied Digital Services is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a positive trend for the company's stock.

In the past year, Allied Digital Services has shown a strong performance with a 81.67% increase in its stock price, outperforming the Sensex's 22.55% performance. This showcases the company's growth and potential in the IT software industry.

Overall, Allied Digital Services' recent 52-week high and positive performance in the past year make it a company to watch in the smallcap IT software sector. Investors may want to keep an eye on this stock as it continues to show promising growth.
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