Nexus Select Trust Sees Surge in Trading Activity Amid Potential Momentum Shift

Nexus Select Trust, a mid-cap player in the construction and real estate sector, has emerged as one of the most active equities today, with a total traded volume of 70,575,285 shares and a traded value of approximately Rs 86,490.01 lakhs. The stock opened at Rs 127.2, reflecting a gain of 2.28%, and reached an intraday high of Rs 125.5, marking a 2.69% increase. However, it is currently trading at Rs 124.1, which is 4.22% away from its 52-week low of Rs 120.
Despite recent challenges, including a six-day consecutive decline, Nexus Select Trust has shown signs of a trend reversal today, outperforming its sector by 1.64%. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a need for further analysis of its performance metrics. Notably, the stock boasts a high dividend yield of 6.54% at the current price, and investor participation has surged, with delivery volume increasing by 6394.82% compared to the 5-day average.

In summary, Nexus Select Trust's performance today highlights significant trading activity and a potential shift in momentum, while it continues to navigate its market position within the construction and real estate industry.