Microcap IT Company Megri Soft Surges to 52-Week High, 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 February 12, 2024. This has caught the attention of investors and market analysts, with MarketsMOJO giving a 'Strong Sell' call for the stock.

The stock opened today with a gain of 14.42% and touched an intraday high of Rs 132.14, outperforming the sector by 15.62%. This marks the second consecutive day of gains for Megri Soft, with a 39.48% increase in the past two days.

Furthermore, the stock is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in its performance.

In comparison to the Sensex, Megri Soft has shown a 22.07% increase in the past year, while the Sensex has only seen an 18.06% increase. This showcases the company's strong performance and potential for growth in the IT industry.

While the reasons for the sudden surge in stock price are not mentioned, it is clear that Megri Soft is making strides in the market and attracting attention from investors. With its strong performance and positive trend, the company is definitely one to watch in the IT sector.