Digjam Ltd Achieves 18 Consecutive Days of Gains Amid Strong Buying Activity

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 increased by 1.99%, significantly outperforming the Sensex, which rose by only 0.21%. Over the past week, Digjam has shown a robust gain of 10.36%, while the Sensex declined by 0.34%.
In a remarkable trend, Digjam has experienced consecutive gains for the last 18 days, accumulating a total return of 74.67% during this period. The stock opened at 57.52 and has maintained this price level throughout the trading session, indicating strong buyer confidence.

In terms of moving averages, Digjam is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day averages, suggesting a bullish trend. Despite a challenging year-to-date performance of -10.20% compared to the Sensex's 5.40% gain, the recent surge in buying pressure may be attributed to positive market sentiment and potential developments within the company. Overall, Digjam's current performance highlights its resilience in a fluctuating market environment.