International Data Management (IDM) Stock Hits All-Time High, Outperforms Market

International Data Management (IDM) has reached an all-time high on March 31, 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 touched 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 buying interest in the stock.

Moreover, International Data Management is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bullish trend in the market.

In the past year, IDM has shown an impressive performance of 75.69%, outpacing the Sensex's performance of 27.84%. This further highlights the company's strong growth potential and its ability to deliver value to its investors.

MarketsMOJO has given a 'Sell' call for International Data Management's stock, suggesting that investors should consider selling their shares. However, with the company's recent surge in stock price and positive market sentiment, it will be interesting to see how the stock performs in the coming days.