Jhaveri Credits & Capital Ltd Achieves Notable Gains Amid Strong Market Momentum

Jhaveri Credits & Capital Ltd is currently witnessing significant buying activity, with the stock showing a notable performance against the broader market. Today, it has recorded a gain of 4.99%, significantly outperforming the Sensex, which rose by only 0.86%. Over the past week, Jhaveri Credits has increased by 3.32%, while the Sensex saw a modest gain of 0.44%.
In the last month, the stock has surged by 35.18%, compared to the Sensex's 4.05% increase. This upward trend follows a brief period of decline, as the stock has gained after two consecutive days of falling prices. Despite a challenging year-to-date performance of -1.35%, the stock's five-year performance stands out with an impressive increase of 11,089.08%, far exceeding the Sensex's 169.27% growth.

Today, Jhaveri Credits opened with a gap down of -4.99% but quickly rebounded, reaching an intraday high of Rs 265, reflecting a 4.47% increase from its previous close. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward momentum. The finance/NBFC sector overall has also shown positive movement, gaining 2.87%.