International Data Management's Stock Hits All-Time High, Outperforms Sector with Impressive 88.07% Gain

International Data Management (IDM) has reached an all-time high on April 3, 2024, with its stock price hitting Rs.33.12. This microcap IT hardware company has been performing exceptionally well in the market, with its stock gaining for the past 13 consecutive days and rising by 88.07% in that period. Today, the stock opened with a gain of 4.98% and touched an intraday high of Rs.33.12, outperforming the sector by 4.55%.

According to MarketsMOJO, a leading stock analysis platform, the stock call for International Data Management is 'Sell'. However, the company's performance in the past year has been impressive, with a 94.14% increase in its stock price compared to the Sensex's 24.52% performance.

The company's stock 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. This is a significant achievement for a microcap company in the highly competitive IT hardware industry.

International Data Management's success can be attributed to its strong management and innovative products, which have helped it gain a competitive edge in the market. With its consistent growth and strong performance, the company is poised for further success in the future.