NIIT Stock Soars 11.09%, Outperforms Sector and Market in Second Consecutive Day of Gains

NIIT, a smallcap IT education company, has seen a significant increase in its stock price on November 6th, 2024. The stock has gained 11.09%, outperforming the sector by 5.43%. This marks the second consecutive day of gains for NIIT, with a total increase of 11.25% in the past two days.

The stock opened with a gain of 2.46% and reached an intraday high of Rs 177.8, showing a high level of volatility with an intraday range of 5.22%. This is calculated from the weighted average price of the stock.

NIIT is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in the stock's performance. The IT - Education sector has also seen a gain of 3.83%, further supporting NIIT's upward movement.

In comparison to the overall market performance, NIIT has outperformed the Sensex by a significant margin. The stock's 1-day performance is 11.09% while the Sensex has only seen a 0.72% increase. In the past month, NIIT has also outperformed the Sensex with a 10.51% increase, while the Sensex has seen a decline of -2.00%.

Overall, NIIT has shown strong performance in the market, with a significant increase in its stock price and outperforming the sector and the overall market. Investors may want to consider holding onto their NIIT stocks, as suggested by MarketsMOJO's 'Hold' rating.