IRIS Business Services' Stock Reaches All-Time High, Receives 'Buy' Call from MarketsMOJO

IRIS Business Services, a leading BPO/ITeS company, has recently reached an all-time high in its stock price on November 2nd, 2024. This positive trend has caught the attention of MarketsMOJO, a trusted stock analysis platform, which has given a 'Buy' call for the stock.

According to MarketsMOJO, IRIS Business Services has been a reliable performer since May 21st, 2024 and has outperformed the sector by 4.18%. The stock has also been on a consecutive gain streak for the past 4 days, with a remarkable 21.5% increase in returns during this period. Today, the stock opened with a 5% gain and reached an intraday high of Rs. 404.35.

In addition, IRIS Business Services is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend in its stock price.

Looking at its 1-year performance, IRIS Business Services has shown an impressive growth of 300.35%, while the Sensex has only recorded a 24.81% increase. This further highlights the company's strong performance and potential for future growth.

With its consistent growth and positive outlook, IRIS Business Services is definitely a stock to watch out for in the BPO/ITeS industry. Investors can consider adding this microcap company to their portfolio for potential long-term gains.