Nuvama Wealth Management Experiences Significant Stock Volatility Amid Broader Market Trends

Jan 29 2025 03:20 PM IST
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Nuvama Wealth Management's stock showed notable fluctuations on January 29, 2025, with significant intraday volatility. Despite an initial loss, it reached a high of Rs 5543.05. The stock has underperformed over the past month compared to the broader market, reflecting a mixed trend in performance.
Nuvama Wealth Management has experienced significant activity today, with its stock rising by 5.82% on January 29, 2025. The company, operating within the Finance/NBFC sector, has outperformed its sector by 3.22%. Over the past two days, Nuvama Wealth has shown a consecutive gain, accumulating a total return of 6.81%.

Despite opening the day with a loss of 2.26%, the stock reached an intraday high of Rs 5543.05, reflecting a 6.32% increase at its peak. However, it also faced volatility, with an intraday low of Rs 5065.3, marking a decline of 2.84%. The stock's intraday volatility was calculated at 5.05%, indicating a high level of price fluctuation.

In terms of moving averages, Nuvama Wealth is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day averages. Over the past month, the stock has seen a decline of 19.60%, contrasting with the Sensex's decrease of 2.73%. Overall, Nuvama Wealth Management's performance today highlights notable fluctuations and a mixed trend in the broader market context.
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