Allsec Technologies' Stock Reaches 52-Week High, Outperforms Sector and Sensex

Allsec Technologies, a leading BPO/ITeS company, has been making waves in the stock market with its recent performance. On January 24, 2024, the company's stock price reached a 52-week high, showing a strong upward trend. This has caught the attention of investors and market experts, with MarketsMOJO giving a 'Buy' call for the stock.

The stock is currently trading at a price of Rs 726.35, just 0.05% away from its 52-week high. It has also outperformed the sector by 1.73% today, indicating a positive sentiment among investors. In fact, the stock has been on a consecutive gain for the last 2 days, with a 9.01% increase in returns during this period. It opened with a gain of 2.71% today and touched an intraday high of Rs 726, showing a strong start to the day.

Allsec Technologies is also trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bullish trend in the market. Additionally, the stock has a high dividend yield of 4.29% at the current price, making it an attractive option for investors.

In the past year, Allsec Technologies has shown a remarkable performance, with a 29.13% increase in its stock price, compared to the Sensex's 16.09% performance. This further solidifies the company's position as a strong player in the market.

With its consistent growth and positive outlook, Allsec Technologies is definitely a stock to watch out for in the BPO/ITeS industry. Investors can expect to see more positive developments from this smallcap company in the future.