Popular Estate Management Ltd Hits New 52-Week High, Outperforms IT Software Sector

Sep 06 2024 09:36 AM IST
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Popular Estate Management Ltd (PEM) has reached a new 52-week high on September 6, with its stock price hitting Rs.30.8. The microcap company in the IT software industry has been gaining momentum, outperforming its sector by 3.85% today. It has been on a consecutive rise for the past 4 days, with a significant increase of 31.06% in its returns.

Popular Estate Management Ltd (PEM) has reached a new 52-week high on September 6, with its stock price hitting Rs.30.8. This microcap company in the IT software industry has been gaining momentum in the market, outperforming its sector by 3.85% today.

The stock has been on a consecutive rise for the past 4 days, with a significant increase of 31.06% in its returns during this period. Today, the stock opened with a gain of 3.95% and touched an intraday high of Rs.30.8. It has been trading at this price since then, indicating a strong hold in the market.

Popular Estate Management Ltd is also performing well in comparison to its moving averages, trading higher than its 5 day, 20 day, 50 day, 100 day, and 200 day moving averages. This shows a positive trend for the company's stock.

In the past year, Popular Estate Management Ltd has shown a remarkable performance with a 33.22% increase in its stock price, while the Sensex has only seen a 24.77% growth. This further highlights the company's strong position in the market.

With its recent 52-week high, Popular Estate Management Ltd is proving to be a promising player in the IT software industry. Investors may want to keep an eye on this microcap company as it continues to show positive growth and outperform its sector.
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