Data Patterns (India) Ltd: Midcap IT Company Outperforms Sector, Attracts Attention from MarketsMOJO

Apr 02 2024 09:35 AM IST
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Data Patterns (India) Ltd, a midcap IT software company, has gained attention in the stock market with a 6.35% increase on April 2nd, outperforming the sector by 6.9%. The stock has been on a consecutive gain streak for 2 days, with a total rise of 12.44%. It is currently trading higher than its moving averages and has outperformed the Sensex in the last month. This reflects the company's strong performance and potential in the IT software industry.

Data Patterns (India) Ltd, a midcap IT software company, has been making waves in the stock market with its recent performance. On April 2nd, the company's stock gained 6.35%, outperforming the sector by 6.9%. This positive trend has caught the attention of MarketsMOJO, who have given a 'Buy' call for the stock.

The stock opened with a gap up of 7.27% and touched an intraday high of Rs 2770, which is an 8.17% increase from the previous day's close. Data Patterns (India) Ltd has been on a consecutive gain streak for the last 2 days, with a total rise of 12.44% in this period. This is a strong indication of the company's growth and potential.

In addition, Data Patterns (India) Ltd is currently trading higher than its 5 day, 20 day, 50 day, 100 day, and 200 day moving averages. This shows a consistent upward trend in the stock's performance.

Compared to the Sensex, Data Patterns (India) Ltd has outperformed with a 1 day performance of 6.21% versus Sensex's 0.06%. Even in the last month, the company has shown a better performance of -2.48% compared to Sensex's 0.34%.

Data Patterns (India) Ltd's strong performance in the stock market is a reflection of its success in the IT software industry. With its consistent growth and positive outlook, the company is definitely one to watch out for in the midcap segment. Investors can consider adding Data Patterns (India) Ltd to their portfolio for potential long-term gains.
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