Nuvama Wealth Management Shows Strong Short-Term Gains Amid Broader Market Optimism

Mar 20 2025 10:45 AM IST
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Nuvama Wealth Management has experienced notable gains, marking its fourth consecutive day of increases. The stock is currently above its short-term moving averages but below longer-term ones, indicating a mixed trend. In the broader market, the Sensex is also showing positive movement, led by mega-cap stocks.
Nuvama Wealth Management has shown significant activity today, gaining 3.99% on March 20, 2025. The stock has outperformed its sector by 3.95%, marking its fourth consecutive day of gains, with a total return of 16.23% over this period. The stock reached an intraday high of Rs 5860.3, reflecting a 3.54% increase.

In terms of moving averages, Nuvama's stock is currently above its 5-day, 20-day, and 50-day moving averages, although it remains below the 100-day and 200-day moving averages. This indicates a mixed trend in the short to medium term.

In the broader market context, the Sensex opened higher at 75,917.11, gaining 468.06 points (0.62%), and is currently trading at 75,882.22, up 0.57%. The Sensex is trading above its 50-day moving average, while the 50-day moving average is below the 200-day moving average. Mega-cap stocks are leading the market today, contributing to the overall positive sentiment.

Nuvama Wealth Management's performance over various time frames shows a year-to-date decline of 15.48%, contrasting with a 5.24% increase in the Sensex over the past year.
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