Jhaveri Credits & Capital Ltd Sees Strong Buying Activity Amid Market Decline

May 16 2025 09:35 AM IST
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Jhaveri Credits & Capital Ltd is experiencing notable buying activity, with the stock rising significantly today and over the past week. It has shown consistent gains for five consecutive days and is currently above several key moving averages, indicating a strong short-term trend in the market.
Jhaveri Credits & Capital Ltd is currently witnessing significant buying activity, with the stock gaining 4.98% today, in stark contrast to the Sensex, which has seen a slight decline of 0.04%. Over the past week, Jhaveri Credits has demonstrated impressive performance, rising by 23.40%, while the Sensex increased by 3.83%. This trend continues over the month, with the stock up 17.46% compared to the Sensex's 7.07%.

Notably, Jhaveri Credits has experienced consecutive gains for the last five days, reflecting a robust upward trajectory. The stock opened today with a gap up at Rs 245.5 and reached an intraday high of Rs 245.5, maintaining this price throughout the trading session.

In terms of moving averages, the stock is currently above its 5-day, 20-day, 50-day, and 100-day averages, although it remains below the 200-day moving average. This performance indicates a strong short-term trend, potentially driven by factors such as market sentiment or sector-specific developments within the Non-Banking Financial Company (NBFC) industry.
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Our weekly and monthly stock recommendations are here
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