Zomato's Stock Performance Surges, Attracts Attention from MarketsMOJO

Zomato, a leading IT software company in the largecap category, has been making headlines with its recent stock performance. On September 3rd, the company's stock gained 3.46%, outperforming the sector by 3.42%. This positive trend comes after 6 consecutive days of fall, indicating a potential trend reversal.

The stock also touched an intraday high of Rs 252.9, showing a 3.48% increase. Zomato's moving averages are also looking promising, with the stock being higher than the 50-day, 100-day, and 200-day moving averages. However, it is currently lower than the 5-day and 20-day moving averages.

In comparison to the Sensex performance, Zomato's 1-day performance is 2.72%, while the Sensex has seen a slight decline of -0.06%. Over the past month, Zomato's performance has been -4.34%, while the Sensex has seen a positive growth of 1.89%.

This recent surge in Zomato's stock price has caught the attention of MarketsMOJO, who have given a 'Buy' call for the company. With its strong performance and potential for growth, Zomato is definitely a company to watch out for in the IT software industry.