Datamatics Global Services Achieves 52-Week High Amid Strong Market Performance
Datamatics Global Services has reached a new 52-week high of Rs. 1047.25, reflecting a strong performance in the Computers - Software & Consulting sector. The stock has shown significant gains over the past week and has outperformed the Sensex, highlighting its resilience amid broader market challenges.
Datamatics Global Services has made headlines today as its stock price reached a new 52-week high of Rs. 1047.25, marking a significant milestone for the midcap company in the Computers - Software & Consulting industry. This achievement comes after a robust performance, with the stock outperforming its sector by 2.49% and demonstrating a remarkable 17.92% increase over the past week, reflecting seven consecutive days of gains.In terms of technical indicators, Datamatics Global Services is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend. The stock's one-year performance stands at an impressive 89.67%, significantly outpacing the Sensex, which has only seen a 2.52% increase over the same period.
Despite the broader market's challenges, with the Sensex experiencing a decline of 0.36% today, Datamatics Global Services continues to demonstrate resilience and strong performance metrics. The stock's 52-week low was recorded at Rs. 515.5, highlighting the substantial growth it has achieved in the past year.
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