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The company's shares have soared 19.67% in four straight trading sessions from its recent closing low of Rs 1686.35 on 22 September 2023.
The stock hit a life-time high of Rs 2,107 today. The counter has soared 105.2% from its 52-week low of Rs 983.45 hit on 24 March 2023.
The scrip had outperformed the market in past one month, advancing 14.58% as against 1.02% increase in the Sensex index.
The scrip outperformed the market in past one quarter, rising 64.45% as against Sensex 2.73% rise.
The counter had outperformed the market in past one year, surging 52.25% as against Nifty's 16.01% increase.
On the technical front, the stock's daily RSI (relative strength index) stood at 77.629. The RSI oscillates between zero and 100. Traditionally, the RSI is considered overbought when above 70 and oversold when below 30.
On the daily chart, the stock was trading above its 50 day, 100-day and 200-day simple moving average (SMA) placed at 1654.38, 1413.47 and 1249.98, respectively. These levels will act as crucial support zones in near term.
C.E. Info Systems provides digital map data, GPS navigation and location-based services, software and customizing its products to customers (combined) through royalty, annuity, subscription.
The company's consolidated net profit jumped 33.2% to Rs 32.22 crore on 37.5% increase in net sales to Rs 89.41 crore in Q1 FY24 over Q1 FY23.
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