Nexus Select Trust Experiences Revision in Its Stock Evaluation Amid Strong Market Performance

Nexus Select Trust, a prominent player in the construction and real estate sector, has recently undergone an adjustment in its evaluation, reflecting the stock's evolving market dynamics. On December 23, 2024, the stock experienced a notable increase of 3.15%, significantly outperforming the broader market, where the Sensex recorded a gain of only 1.04%. This upward momentum has been consistent, with Nexus Select Trust accumulating a total return of 3.37% over the past two days.
The trading session opened strong for Nexus Select Trust, with an initial gain of 3.48% and an intraday high of Rs 144.15, marking a 3.67% increase. The stock's performance is further underscored by its position above key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a robust trend relative to its historical price movements.

In addition to its impressive price performance, Nexus Select Trust offers a high dividend yield of 5.75%, showcasing the company's commitment to delivering value to its shareholders. Following these developments, the stock has been added to MarketsMOJO's list, reflecting a positive sentiment in the current market environment. As it stands, Nexus Select Trust maintains a 'Hold' rating, suggesting a stable outlook as investors navigate the evolving landscape.