International Data Management Achieves 52-Week High Amid Broader Market Decline

International Data Management has made headlines today as its stock price reached a new 52-week high of Rs. 40.67, marking a significant milestone for the microcap company in the Commercial Services & Supplies sector. This achievement comes after a robust performance over the past six days, during which the stock has gained an impressive 51.08%.
Today, the stock opened with a notable gain of 4.98%, reflecting strong momentum as it outperformed its sector by 5.54%. The stock has consistently traded above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in its performance metrics.

In contrast, the broader market faced challenges, with the Sensex declining by 406.73 points to 80,347.93, a drop of 0.54%. Despite this, International Data Management's one-year performance stands out, showing a remarkable increase of 66.00%, while the Sensex has experienced a slight decline of 1.76% over the same period. The stock's 52-week low was recorded at Rs. 19, highlighting its significant recovery and upward trajectory in recent months.