Indiamart Intermesh's Stock Gains 5.05%, Receives 'Buy' Call from MarketsMOJO

Indiamart Intermesh, a leading IT software company, has been making waves in the stock market with its recent performance. On July 30, 2024, the company's stock gained 5.05%, closing at Rs 3198.95. This positive trend has caught the attention of MarketsMOJO, who have given a 'Buy' call for the stock.

The stock is currently trading close to its 52-week high of Rs 3293.45, with a difference of only 3.06%. It has also outperformed the sector by 5.29% and has been on a consecutive gain for the last 3 days, with a rise of 6.59% in this period. The day's high for the stock was Rs 3198.95, which is a 5.16% increase from the previous day.

Indiamart Intermesh is also performing well in terms of moving averages, trading higher than the 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a strong upward trend for the stock.

In comparison to the Sensex, Indiamart Intermesh has shown a 1-day performance of 3.44%, while the Sensex has only seen a 0.12% increase. In the last month, the stock has outperformed the Sensex by 17.39%, with a 3.07% increase in the Sensex's performance.

With such positive numbers and a 'Buy' call from MarketsMOJO, Indiamart Intermesh is definitely a stock to watch out for in the IT software industry. Investors can expect good returns from this midcap company in the near future.