Southern Infosys Hits 52-Week High, Outperforms Sector with 56.39% Returns in 10 Days

Southern Infosys, a microcap IT software company, has recently hit a 52-week high on July 18, 2024. The stock has been performing well in the market, with a 'Hold' call from MarketsMOJO.

On July 18, the stock reached a new high of Rs. 31.59, outperforming the sector by 4.52%. It has been on a consecutive gain for the past 10 days, with a remarkable 56.39% increase in returns during this period. The stock also opened with a gain of 4.99% today and touched an intraday high of Rs. 31.59.

Southern Infosys has been trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in the market.

In the past year, Southern Infosys has shown a strong performance of 111.87%, while the Sensex has only grown by 20.97%. This showcases the company's potential and growth in the IT software industry.

Investors can keep a close eye on Southern Infosys as it continues to make strides in the market and maintain its positive momentum. However, it is always advisable to do thorough research and consult with a financial advisor before making any investment decisions.