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

Jhaveri Credits & Capital Ltd is witnessing significant buying activity, with the stock gaining 4.98% today, contrasting sharply with the Sensex's decline of 0.25%. Over the past week, Jhaveri Credits has surged by 16.34%, while the Sensex managed a modest increase of 0.99%. This microcap finance company has shown a consistent upward trend, with four consecutive days of gains totaling 17.54%.
The stock opened today with a gap up at Rs 233.85 and reached an intraday high of the same price, indicating strong buyer interest. Despite some erratic trading patterns, where the stock did not trade on one occasion in the last 20 days, it has maintained a performance that outpaces its sector.

In terms of moving averages, Jhaveri Credits is currently above its 5-day, 20-day, 50-day, and 100-day averages, although it remains below the 200-day average. While the stock has faced challenges over the past year, with a decline of 31.35%, its long-term performance remains impressive, boasting a staggering 9725.63% increase over the last five years compared to the Sensex's 160.88%.