Jhaveri Credits & Capital Ltd Achieves Six-Day Winning Streak Amid Market Divergence

Jhaveri Credits & Capital Ltd is witnessing significant buying activity, with the stock gaining 4.99% today, contrasting sharply with the Sensex, which has seen a slight decline of 0.05%. Over the past week, Jhaveri Credits has surged by 27.73%, while the Sensex has dipped by 0.17%. This trend continues over the month, with the stock up 23.35% compared to the Sensex's 4.76% increase.
Notably, Jhaveri Credits has experienced six consecutive days of gains, accumulating a remarkable 29.56% return during this period. The stock opened today with a gap up at Rs 257.75 and reached an intraday high of the same price, indicating strong buyer sentiment.

Despite a challenging year-to-date performance of -4.52%, the stock has shown impressive long-term growth, with a staggering 10-year increase of 4268.64%, significantly outperforming the Sensex's 197.66% over the same period. The stock's current price is above its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below the 200-day moving average, suggesting a potential shift in market dynamics.