Nexus Select Trust Faces Short-Term Decline, But Offers High Dividend Yield for Long-Term Investors

Nexus Select Trust, a largecap real estate company, has recently faced a decline in its stock price. On August 5th, 2024, the company's stock lost -4.88%, underperforming the sector by -0.42%. The stock opened with a gap down of -6.39% and touched an intraday low of Rs 141.25. However, the stock's moving averages are still higher than the 50-day, 100-day, and 200-day moving averages, indicating a positive trend in the long term.

According to MarketsMOJO, a leading stock analysis platform, the stock's current call is 'Hold'. The real estate sector as a whole has also seen a decline of -4.3%, further highlighting the challenges faced by the industry. Despite this, Nexus Select Trust offers a high dividend yield of 3.98% at the current price, making it an attractive option for investors looking for stable returns.

In comparison to the overall market performance, Nexus Select Trust has underperformed in the short term, with a 1-day performance of -3.91% compared to the Sensex's -2.72%. However, in the longer term, the company has shown a positive performance with a 1-month return of 1.60% compared to the Sensex's -1.52%.

While there may be concerns about the current performance of Nexus Select Trust, the company's strong fundamentals and high dividend yield make it a promising investment option for those looking for stability in the real estate sector. With a 'Hold' call from MarketsMOJO, investors can consider holding onto their shares and monitoring the company's performance in the coming months.