Nuvama Wealth Management Faces Significant Underperformance Amid Broader Market Resilience

Nuvama Wealth Management, a prominent player in the finance and non-banking financial company (NBFC) sector, has experienced a notable decline of 3.08% on April 2, 2025. This performance marks a significant underperformance compared to the broader market, as the stock lagged behind its sector by 3.61%. Over the past week, Nuvama has faced consecutive losses, totaling a decline of 10.12%, with the stock reaching an intraday low of Rs 5720.
In terms of moving averages, Nuvama's stock is currently above its 20-day and 50-day moving averages but falls short of its 5-day, 100-day, and 200-day averages. This trend indicates a mixed performance in the short to medium term.

While the Sensex has shown resilience, climbing 460.83 points to reach 76,607.11, Nuvama's performance contrasts sharply with the index. Over the past month, Nuvama has recorded a gain of 6.53%, outpacing the Sensex's 4.66% increase. However, its three-month performance reveals a decline of 20.14%, compared to the Sensex's drop of 4.17%. Year-to-date, Nuvama has seen a decrease of 16.98%, while the Sensex has only fallen by 1.96%.