NIIT's Stock Price Surges by 9.81% on Strong Market Performance

NIIT, a smallcap IT education company, has seen a significant increase in its stock price, gaining 9.81% on September 4th, 2024. This surge in stock price has been attributed to the company's strong performance in the market.

According to MarketsMOJO, a leading stock analysis and recommendation platform, NIIT's stock call is currently 'Hold'. The company's stock has been trading at a new 52-week high of Rs. 190, indicating a positive trend in the market. In fact, NIIT has outperformed the sector by 9.42% on the same day.

The stock has been on a consecutive gain for the last two days, with a rise of 14.46% in this period. It also saw a high volatility of 8.89% on the same day, calculated from the weighted average price. The stock touched an intraday high of Rs. 190 and a low of Rs. 169.25, showcasing its strong performance in the market.

NIIT'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 the market. In comparison to the Sensex performance, NIIT has outperformed with a 1-day performance of 9.98% while the Sensex has seen a decline of -0.58%. In the last month, NIIT's performance has been even more impressive with a 52.38% increase, while the Sensex has only seen a 1.35% rise.

Overall, NIIT's stock has shown strong performance in the market, making it a promising investment option for investors. With its consistent growth and positive trend, NIIT is definitely a company to watch out for in the IT education industry.