Datasoft Applications Software (India) Ltd Surges to 52-Week High, Outperforms IT Sector

Jun 07 2024 10:35 AM IST
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Datasoft Applications Software (India) Ltd, a microcap IT software company, has seen a surge in its stock price, reaching a 52-week high of Rs. 46.02 on June 7, 2024. The stock has gained 37.05% in the past 16 days and has outperformed the IT - Software sector by 2.5%. It is currently trading above its moving averages, indicating a bullish trend. However, this article does not provide any investment advice and investors are advised to do their own research before making any decisions.

Datasoft Applications Software (India) Ltd, a microcap IT software company, has recently seen a surge in its stock price, reaching a 52-week high of Rs. 46.02 on June 7, 2024. This has caught the attention of investors and market analysts, with MarketsMOJO giving a 'Sell' call for the stock.

The stock has been on a winning streak for the past 16 days, with a gain of 37.05% during this period. It has also outperformed the IT - Software sector by 2.5%. Datasoft Applications Software (India) Ltd is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bullish trend.

In the past year, the stock has shown an impressive performance of 843.03%, while the Sensex has only gained 19.79%. This showcases the strong growth potential of the company in the IT software industry.

However, it is important to note that this article is not intended to provide any investment advice or recommendations. It is purely based on factual information and does not mention any future potential or expert opinions. Investors are advised to do their own research and analysis before making any investment decisions.
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