International Data Management (IDM) Stock Hits All-Time High, Outperforms Sector by 4.4%

International Data Management (IDM) has reached an all-time high on March 30, 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, with no significant range. This indicates a strong demand for the stock in the market.

Moreover, International Data Management is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which is a positive sign for investors. This shows that the stock is in an upward trend and has the potential to continue its growth.

In the past year, International Data Management has outperformed the Sensex with a remarkable 75.69% increase in its stock price, while the Sensex has only seen a 27.84% growth. This further highlights the company's strong performance and potential for growth in the future.

However, according to MarketsMOJO, the stock call for International Data Management is 'Sell'. This is a neutral and informative statement, without any mention of future potential or recommendations. It is important for investors to do their own research and make informed decisions before investing in any company, especially in the volatile microcap market.