Money Masters Leasing & Finance Ltd Sees 10-Day Winning Streak Amid Strong Buying Activity

Money Masters Leasing & Finance Ltd is currently witnessing significant buying activity, with the stock gaining 2.00% today, outperforming the Sensex, which rose by 0.44%. Over the past week, the stock has shown a robust performance, increasing by 6.99%, while the Sensex has remained relatively flat with a mere 0.03% gain. Notably, Money Masters Leasing & Finance has experienced consecutive gains for the last 10 days, accumulating a total return of 14.18% during this period.
In terms of price summary, the stock opened with a gap up and reached an intraday high, reflecting strong buyer sentiment. Despite its recent positive momentum, the stock's longer-term performance reveals challenges, with a decline of 90.28% over the past year compared to a 4.74% increase in the Sensex. However, the stock has shown resilience over a three-year horizon, boasting a return of 111.33%, significantly outpacing the Sensex's 58.35% gain.

The current buying pressure may be attributed to various factors, including market sentiment and potential developments within the non-banking financial company sector. The stock's performance relative to key moving averages indicates a mixed trend, being above the 5-day, 20-day, and 50-day averages but below the 100-day and 200-day averages.