Empower India Hits New 52-Week High of Rs. 2.49 Amid Market Downturn
Empower India has reached a significant milestone by hitting a new 52-week high of Rs. 2.49 today, marking a notable achievement for the microcap company in the Computers - Software & Consulting industry. This surge comes as the stock has demonstrated impressive performance, outperforming its sector by 4.24%. Over the past eight days, Empower India has shown remarkable momentum, with a substantial gain of 94.53% during this period. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend in its price performance.
In contrast, the broader market is experiencing some volatility, with the Sensex opening lower and currently trading at 81,757.73, down 0.42%. Despite this, Empower India's one-year performance stands at 7.79%, significantly outperforming the Sensex, which has seen a decline of 3.69%. The stock's previous 52-week low was recorded at Rs. 1.06, highlighting the extent of its recent gains.
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