International Data Management Hits All-Time High, Outperforms Sector by 4.4%

International Data Management (IDM) has reached an all-time high on March 29, 2024, with its stock price hitting Rs.28.62. This microcap IT hardware company has been gaining momentum in the market, outperforming its sector by 4.4% today. The stock has been on a consecutive 10-day gain streak, with a remarkable 62.52% increase in its returns during this period.

Today, the stock opened with a gap up of 4.99% and reached an intraday high of Rs.28.62. It has been trading at this price since then, showing no range in its movement. This indicates a strong hold on the stock by investors.

International Data Management is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in its performance. In the past year, the company has shown a remarkable 75.69% increase in its stock price, outperforming the Sensex's performance of 27.84%.

MarketsMOJO has given a 'Sell' call for International Data Management, suggesting that investors should consider selling their shares in the company. However, it is important to note that this is just one opinion and should not be taken as a recommendation.

Overall, International Data Management has shown strong growth and performance in the market, reaching an all-time high and outperforming its sector. Investors should continue to monitor the stock's movement and make informed decisions based on their own research and analysis.