International Data Management's Stock Hits All-Time High, Outperforms Sector

International Data Management (IDM) has reached an all-time high on April 2, 2024, with its stock price hitting Rs.31.55. This microcap IT hardware company has been gaining momentum in the market, outperforming its sector by 3.43% today. The stock has been on a consecutive 12-day rise, with a remarkable 79.16% increase in returns during this period.

Today, the stock opened with a gap up of 4.99% and touched an intraday high of Rs.31.55. It has been trading at this price since then, showing no range in its movement. This indicates a strong buying interest in the stock.

According to MarketsMOJO, the stock call for International Data Management is 'Sell'. However, the company's performance in the past year has been impressive, with a 84.50% increase in its stock price compared to the Sensex's 25.39% performance. This shows the company's potential for growth and its ability to outperform the market.

Moreover, International Data Management is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a positive trend in the stock's performance and a bullish sentiment among investors.

Overall, International Data Management's stock has been on a steady rise, reaching an all-time high and outperforming its sector. With a strong performance in the past year and a positive trend in its moving averages, the company shows potential for growth in the IT hardware industry.