Nexus Select Trust Shows Signs of Trend Reversal Amid Broader Market Gains

Nexus Select Trust, a midcap player in the construction and real estate sector, has shown notable activity today, gaining 5.25% on March 24, 2025. This uptick comes after a six-day streak of declines, marking a potential trend reversal. The stock reached an intraday high of Rs 128.98, reflecting a 5.38% increase during the trading session.
In terms of performance metrics, Nexus Select Trust has outperformed its sector by 3.9% today. However, its moving averages indicate a mixed picture; while it is currently above its 5-day moving average, it remains below the 20-day, 50-day, 100-day, and 200-day moving averages. The stock also boasts a high dividend yield of 6.54% at its current price.

In the broader market context, the Sensex has experienced a positive opening, climbing 439.24 points to reach 77,895.51, a 1.29% increase. The BSE Mid Cap index is leading the market with a gain of 1.4%. Over the past three weeks, the Sensex has risen by 6.42%, contrasting with Nexus Select Trust's performance, which has seen a decline of 6.23% year-to-date.