Lee & Nee Software (Exports) Ltd's Stock Surges 51% in 6 Days, Hits New 52-Week High

Jan 05 2024 03:36 PM IST
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Lee & Nee Software (Exports) Ltd, a microcap IT software company, has seen a surge in its stock price, gaining 51.03% in the past 6 days and hitting a new 52-week high of Rs.12.49. The stock has also outperformed the sector and Sensex, with a strong upward trend and a 'Sell' call by MarketsMojo.


Lee & Nee Software (Exports) Ltd, a microcap IT software company, has been making headlines in the stock market with its recent surge in stock price. The company's stock has been on a winning streak for the past 6 days, gaining an impressive 51.03% in returns during this period. Today, the stock hit a new 52-week high of Rs.12.49, outperforming the sector by 18.5%.

The stock opened with a gap up of 5.67% and continued to rise throughout the day, touching an intraday high of Rs.12.49, which is a 19.98% increase from the previous day's closing. The stock has also shown high volatility today, with an intraday volatility of 6.3%, calculated from the weighted average price.

Lee & Nee Software (Exports) Ltd is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend in the stock's performance.

In comparison to the Sensex, Lee & Nee Software (Exports) Ltd has outperformed with a 1-day performance of 19.98% versus the Sensex's 0.25%. The company has also shown a strong 1-month performance of 56.71% compared to the Sensex's 3.94%.

While the company's stock has been performing well in the market, it is important to note that this article is based on factual information and does not include any external data or sources. As a microcap company in the IT software industry, Lee & Nee Software (Exports) Ltd's stock call by MarketsMOJO is currently 'Sell'. Investors are advised to do their own research and make informed decisions before investing in the company's stock.
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