PEM's Stock Hits New 52-Week High, Outperforms Sector by 1.96%

Sep 09 2024 09:42 AM IST
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PEM's stock hits a new 52-week high of Rs.30.9 on September 9, 2024, outperforming its sector by 1.96%. The microcap company in the IT software industry has seen a consecutive gain for the last 5 days, with a rise of 28.68%. Its stock is currently trading higher than its moving averages, indicating a positive trend. Despite a 'Sell' call from MarketsMojo, PEM's strong performance and growth make it a popular choice among investors.

Popular Estate Management Ltd (PEM) has reached a new 52-week high on September 9, 2024, with its stock price hitting Rs.30.9. This microcap company in the IT software industry has been performing well in the market, outperforming its sector by 1.96% today. The stock has been on a consecutive gain for the last 5 days and has seen a rise of 28.68% in this period.

PEM'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. The company's 1-year performance has also been impressive, with a growth of 33.45% compared to the Sensex's performance of 21.81%.

This recent surge in stock price can be attributed to the company's strong performance and growth in the IT software industry. Popular Estate Management has been consistently delivering positive results, making it a popular choice among investors. However, MarketsMOJO has given a 'Sell' call for the stock, suggesting caution for potential investors.

Despite this, Popular Estate Management's stock has been on an upward trend, showcasing its potential for growth in the market. With its strong performance and consistent gains, the company is definitely one to watch out for in the IT software industry.
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