IDM's Stock Hits All-Time High, Outperforming Sector by 1.84%

International Data Management (IDM) has reached a significant milestone as its stock price hit an all-time high on April 8th, 2024. The IT hardware company, which falls under the microcap category, has been gaining momentum in the stock market with its stock price rising by 115.22% in the last 16 days.

According to MarketsMOJO, a leading stock analysis platform, the current recommendation for IDM's stock is 'Sell'. However, this has not stopped the company's stock from outperforming the sector by 1.84% today. The stock opened with a gain of 3.84% and touched an intraday high of Rs 37.9.

IDM's stock has been consistently rising, with no range in its trading price since opening at Rs 37.9. The company's stock is also trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in the market.

In the IT hardware sector, IDM's stock has gained by 2%, showcasing the company's strong performance in the industry. In comparison, the Sensex has only seen a 24.51% increase in the last year, while IDM's stock has risen by an impressive 107.04%.

This significant growth in IDM's stock price is a testament to the company's strong performance and potential in the IT hardware industry. As a microcap company, IDM has shown promising growth and is definitely one to watch in the stock market.