NIIT Stock Soars 8.95% and Outperforms Sector on August 23, 2024

Aug 23 2024 09:30 AM IST
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On August 23, 2024, NIIT, a smallcap IT education company, saw a significant increase in its stock price, gaining 8.95% and currently trading at Rs. 123.75. It has outperformed the sector by 5.4% and has been on a consecutive gain for the last 6 days, rising by 15.08%. The stock is currently trading above its moving averages and has shown a strong performance compared to the Sensex.

NIIT, a smallcap IT education company, has seen a significant increase in its stock price on August 23, 2024. The stock has gained 8.95% and is currently trading at Rs. 123.75. MarketsMOJO has given a 'Hold' call for the stock.

In terms of performance, NIIT has outperformed the sector by 5.4% today. The stock has been on a consecutive gain for the last 6 days and has seen a rise of 15.08% during this period. It also touched an intraday high of Rs. 126.05, showing a 5.92% increase.

The stock has been highly volatile today with an intraday volatility of 28.09%, calculated from the weighted average price. However, NIIT is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.

In comparison to the Sensex performance, NIIT has shown a 1-day performance of 9.24% while the Sensex has only seen a 0.10% increase. In the past month, NIIT has also outperformed the Sensex with a 6.73% increase compared to the Sensex's 0.88% increase.

Overall, NIIT has shown a strong performance in the market, gaining the attention of investors. However, it is important to note that this article is based on factual information and does not include any external data or sources. It is always recommended to do thorough research and consult with a financial advisor before making any investment decisions.
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