Centrum Capital Surges 5.02% Amid Strong Buying Activity and Market Outperformance

Centrum Capital Ltd, a small-cap player in the Non-Banking Financial Company (NBFC) sector, is witnessing significant buying activity, with the stock gaining 5.02% today. This performance stands in stark contrast to the Sensex, which has declined by 0.43% on the same day. Over the past week, Centrum Capital has recorded a 4.67% increase, while the Sensex has only marginally decreased by 0.08%.
In the last three days, the stock has shown a consecutive gain of 6.62%, indicating a strong upward momentum. Today, it opened with a gap up of 4.66% and reached an intraday high of Rs 37.21. Over the past month, Centrum Capital has surged by 12.04%, significantly outperforming the Sensex's 0.95% increase.

The stock's performance over the longer term also reflects its resilience, with a 55.04% rise over the last three months compared to the Sensex's 12.63%. Additionally, Centrum Capital is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, further indicating a strong bullish trend. The buying pressure may be attributed to positive market sentiment and the company's robust performance metrics relative to broader market trends.