Southern Infosys Hits 52-Week High, Outperforms Sector and Moving Averages

Southern Infosys, a microcap IT software company, has recently reached a new milestone as its stock price hit a 52-week high on July 19, 2024. The stock has been on an upward trend for the past 11 days, gaining an impressive 64.16% in returns during this period. This has caught the attention of investors and analysts, with MarketsMOJO giving a 'Hold' call for the stock.

On the day of the new high, Southern Infosys outperformed the sector by 4.55% and opened with a gain of 4.97%. The stock also touched an intraday high of Rs 33.16, which is the same as its opening price, indicating a strong hold on its value. Additionally, Southern Infosys is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, further solidifying its positive performance.

In the past year, Southern Infosys has shown a remarkable growth of 116.73%, outperforming the Sensex's performance of 20.91%. This showcases the company's strong potential and growth in the IT software industry. With its consistent upward trend and positive performance, Southern Infosys is definitely a stock to watch out for in the microcap market.