Jhaveri Credits & Capital Ltd Achieves 36% Gain Amid Strong Buying Activity

Jhaveri Credits & Capital Ltd, a microcap player in the Non-Banking Financial Company (NBFC) sector, is witnessing significant buying activity, marking a notable performance against the broader market. Today, the stock surged by 4.99%, while the Sensex experienced a slight decline of 0.01%. Over the past week, Jhaveri Credits has shown impressive growth of 27.55%, significantly outperforming the Sensex's 1.11% increase.
The stock has been on a consistent upward trajectory, gaining for the last seven consecutive days, resulting in a total return of 36.01% during this period. It opened today with a gap up at Rs 270.6 and reached an intraday high of the same price, indicating strong buyer sentiment.

In terms of moving averages, Jhaveri Credits is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day averages, suggesting a robust upward trend. Despite a challenging year-to-date performance of 0.24% compared to the Sensex's 5.01%, the stock's five-year performance stands out with an extraordinary increase of 11,269.75%, far exceeding the Sensex's 166.24%. This strong buying pressure may be attributed to various factors, including market positioning and investor sentiment within the NBFC sector.