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

Nuvama Wealth Management has shown significant activity today, gaining 4.53% as of March 10, 2025. This performance has allowed the stock to outperform its sector by 3.09%. Over the past five days, Nuvama has demonstrated a strong upward trend, accumulating a total return of 11.96%. The stock reached an intraday high of Rs 5700, reflecting a 4.3% increase during the session.
In terms of moving averages, Nuvama's current price is above its 5-day and 20-day moving averages, although it remains below the 50-day, 100-day, and 200-day moving averages. This indicates a mixed technical outlook.

In the broader market context, the Sensex opened positively, trading at 74,650.67, up 0.43%. Despite this, the Sensex is currently below its 50-day moving average, which is also trading below the 200-day moving average, suggesting a bearish trend.

Nuvama's performance over various time frames shows a year-to-date decline of 17.99%, contrasting with a 39.16% increase over the past year, highlighting its volatility in the current market environment.