IRIS Business Services' Stock Reaches All-Time High, Outperforms Sector and Sensex

IRIS Business Services, a leading BPO/ITeS company, has recently seen a surge in its stock price, reaching an all-time high on October 10th, 2024. This has caught the attention of investors and market experts, with MarketsMOJO giving a 'Buy' call for the stock. The company has also been performing consistently well, being a part of the Reliable Performers list on MarketsMOJO since May 21st, 2024. Its current stock price is only 0.48% away from its 52-week high of Rs 374.8, showcasing its strong performance in the market. In today's trading, IRIS Business has outperformed its sector by 1.42%, further solidifying its position as a reliable and profitable investment option. The stock has also been on a consecutive upward trend for the past 3 days, with a 3.51% increase in returns during this period. Moreover, the stock has been trading in a narrow range of Rs 0.3, indicating stability and consistency in its performance. It is also currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, showcasing its strong market position. In comparison to the Sensex, IRIS Business Services has shown an impressive 1-year performance of 258.63%, while the Sensex has only grown by 23.61%. This further highlights the company's strong growth potential and its ability to outperform the market. With its consistent performance and strong market position, IRIS Business Services is definitely a stock to watch out for in the BPO/ITeS industry. Investors can consider adding it to their portfolio for potential long-term gains.