Nuvama Wealth Management Shows Strong Short-Term Gains Amid Mixed Market Momentum

Nuvama Wealth Management has shown notable activity today, gaining 3.09% as of March 19, 2025. This performance has allowed the stock to outperform its sector by 1.53%. Over the past three days, Nuvama has demonstrated a strong upward trend, accumulating a total return of 11.96%. The stock reached an intraday high of Rs 5,659.90, reflecting a rise of 3.26% during the trading session.
In terms of moving averages, Nuvama's stock is currently above its 5-day and 20-day moving averages but remains below the 50-day, 100-day, and 200-day moving averages, indicating mixed momentum in the short to medium term.

In the broader market context, the Sensex opened higher at 75,473.17, gaining 171.91 points (0.23%), but is trading below its 50-day moving average, which is also below the 200-day moving average. Small-cap stocks are leading the market today, with the BSE Small Cap index up by 1.82%.

Nuvama's performance over various time frames shows a year-to-date decline of 18.41%, contrasting with a 41.72% increase over the past year, highlighting the stock's volatility in the current market environment.