Nuvama Wealth Management Experiences Significant Stock Volatility Amid Broader Market Trends
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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