NIIT Hits 52-Week High, Outperforms Sector and Sensex with Strong Performance
NIIT, a smallcap IT education company, has reached a 52-week high on November 11, 2024, with a price of Rs. 207.55. The stock has outperformed the sector by 6.67% and has shown consecutive gains for the past 2 days. It is currently trading above its moving averages, indicating a positive trend. NIIT has also shown a strong performance in the past year, showcasing its growth and potential in the market.
NIIT, a smallcap IT education company, has recently hit a 52-week high on November 11, 2024. The stock has been performing well in the market and has been recommended as a 'Hold' by MarketsMOJO.
On the day of the 52-week high, the stock reached a price of Rs. 207.55, outperforming the sector by 6.67%. It has also shown consecutive gains for the past 2 days, with a return of 12.58% during this period. The stock has been highly volatile, with an intraday volatility of 6.62%.
NIIT is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in the market. The IT - Education sector has also seen a gain of 3.83%.
In the past year, NIIT has shown a strong performance with a 72.46% increase, while the Sensex has only seen a 23.10% increase. This showcases the company's growth and potential in the market.
With its recent 52-week high and positive performance, NIIT is a company to watch out for in the IT education industry. Investors may consider holding onto their stocks for now, as recommended by MarketsMOJO.
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