Datamatics Global Services Achieves 52-Week High Amid Broader Market Recovery
Datamatics Global Services has achieved a new 52-week high of Rs. 980.05, reflecting strong performance in the Computers - Software & Consulting sector. The stock has gained 10.17% over the past four days and is currently trading above key moving averages, indicating a robust upward trend.
Datamatics Global Services has made headlines today as its stock price reached a new 52-week high of Rs. 980.05, marking a significant milestone for the midcap company in the Computers - Software & Consulting industry. This achievement comes after a notable performance over the past four days, during which the stock has gained 10.17%. Despite opening the day with a loss of 9.13%, Datamatics managed to outperform its sector by 4.07%.Throughout the trading session, the stock fluctuated, hitting an intraday low of Rs. 851.2 before rebounding to its peak. Currently, Datamatics is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend in its performance metrics.
In the broader market context, the Sensex experienced a sharp recovery after a negative opening, rising by 1,001.63 points to trade at 81,697.13. Over the past year, Datamatics Global Services has shown impressive growth, with a 50.12% increase, contrasting with the Sensex's slight decline of 0.12%. The stock's 52-week low stands at Rs. 515.5, highlighting its significant upward trajectory.
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