Microcap IT Company Megri Soft Sees Surge in Stock Price, Outperforms Sector and Sensex

Megri Soft, a microcap IT software company, has recently seen a surge in its stock price, reaching a 52-week high on April 29, 2024. The stock has been given a 'Sell' rating by MarketsMOJO, a leading financial analysis platform.

According to the latest price summary, Megri Soft's stock hit a high of Rs. 177.95 today, but underperformed the sector by -9.4%. The stock has also shown a trend reversal, falling after three consecutive days of gains. It touched an intraday low of Rs. 157.15, showing high volatility with a 6.21% intraday volatility (calculated from weighted average price).

Despite the recent dip, Megri Soft's stock is still trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a positive trend for the company's stock.

In terms of performance, Megri Soft has outperformed the Sensex by 65.86% in the past year, while the Sensex has only seen a 21.35% increase. This showcases the company's strong growth and potential in the IT software industry.

As a microcap company, Megri Soft may not be as well-known as larger players in the market, but its recent stock performance and positive trend suggest that it is a company worth keeping an eye on. Investors should do their own research and consult with a financial advisor before making any investment decisions.