Digjam Ltd Achieves 12-Day Winning Streak with 55.18% Total Return

Digjam Ltd, a microcap player in the Garments & Apparels industry, is witnessing significant buying activity, marking a notable performance against the broader market. Today, the stock has gained 2.00%, outperforming the Sensex, which rose by only 0.22%. Over the past week, Digjam has surged by 10.37%, while the Sensex declined by 1.53%. This trend continues with a remarkable 40.00% increase over the past month compared to the Sensex's modest gain of 1.62%.
The stock has been on a strong upward trajectory, achieving consecutive gains for the last 12 days, resulting in a total return of 55.18% during this period. Today, Digjam opened with a gap up of 2% at Rs 51.1 and reached an intraday high of Rs 51.1, maintaining this price throughout the trading session.

Despite its recent gains, Digjam's long-term performance shows a decline of 37.83% over the past year and 58.62% over three years. However, its five-year performance stands out with an impressive increase of 1569.93%, significantly outpacing the Sensex's 128.66% rise. The stock's current price is above its 5-day, 20-day, 50-day, and 100-day moving averages, though it remains below the 200-day moving average, indicating a complex market position.