Colorchips New Media Shows Strong Performance and Growth Potential in TV and Software Industry

Colorchips New Media Ltd, a microcap company in the TV broadcasting and software industry, has recently been given a 'Strong Sell' rating by MarketsMOJO. The stock price has been fluctuating, reaching a high of 8.34 and then dropping to 7.83.

Despite this, the stock has outperformed the sector by 3.64% today. It has also been on a consecutive gain streak for the last 5 days, with a remarkable 66.95% increase in returns during this period. This is a positive sign for investors, as it shows the company's potential for growth and profitability.

In terms of moving averages, Colorchips New Media is currently trading higher than its 5 day, 20 day, 50 day, 100 day, and 200 day averages. This indicates a strong upward trend in the stock's performance.

On a broader scale, the company's 1 day performance is also impressive, with a 3.16% increase compared to the Sensex's 0.25% performance. This further highlights the company's strong performance and potential for growth.

While the stock may have received a 'Strong Sell' rating from MarketsMOJO, the current performance and trends of Colorchips New Media suggest otherwise. Investors should keep a close eye on this microcap company as it continues to show promising growth in the TV broadcasting and software industry.