International Data Management (IDM) Outperforms Sector with 5% Gain and 70.64% Increase in Returns

International Data Management (IDM) has reached an all-time high on April 1st, with its stock price hitting Rs.30.05. This microcap company in the IT hardware industry has been performing exceptionally well in the market, outperforming its sector by 5% today.

According to MarketsMOJO, a leading stock analysis and recommendation platform, the stock call for IDM is 'Sell'. However, this does not take away from the fact that the company has been on a consecutive 11-day gaining streak, with a remarkable 70.64% increase in returns during this period.

Today, the stock opened with a 5% gain and touched an intraday high of Rs.30.05. It has since maintained this price, showing no range in its trading. This is a significant achievement for IDM, as it is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.

In comparison to the Sensex performance of 25.72%, IDM has shown a remarkable 75.73% increase in its 1-year performance. This further solidifies the company's strong position in the market and its ability to deliver consistent returns to its investors.

Overall, International Data Management has shown impressive growth and performance in the market, making it a top contender in the IT hardware industry. While MarketsMOJO may have a 'Sell' call for the stock, the company's recent achievements and consistent gains cannot be ignored. Investors should keep a close eye on IDM as it continues to make strides in the market.