Rolta India's Stock Hits New High Despite Sell Call from MarketsMOJO

Apr 29 2024 09:37 AM IST
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Rolta India, a microcap IT software company, has reached a new 52-week high with its stock price hitting Rs.7.4 on April 29, 2024. Despite underperforming the sector today and showing erratic trading behavior, the stock is currently trading higher than its moving averages, indicating a positive trend. Rolta India's success can be attributed to its strong presence in the IT software industry.

Rolta India, a microcap IT software company, has recently reached a new 52-week high with its stock price hitting Rs.7.4 on April 29, 2024. However, according to MarketsMOJO, the stock call for Rolta India is currently 'Sell'.

In terms of performance, Rolta India has underperformed the sector by -0.79% today. The stock has also shown erratic trading behavior, with no trading activity on 4 out of the last 20 days.

Despite this, Rolta India is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a positive trend for the company's stock.

In comparison to the Sensex, Rolta India has shown a significant 1-year performance of 291.89%, while the Sensex has only seen a 21.40% increase.

Rolta India's success can be attributed to its strong presence in the IT software industry, despite being a microcap company. With its consistent performance and positive trend in stock prices, Rolta India continues to be a promising player in the market.
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