Nuvama Wealth Management Faces Decline Amid Mixed Moving Average Signals
Nuvama Wealth Management's stock has seen significant activity, declining notably during the trading session on January 13, 2025. The stock has underperformed compared to its sector and benchmark index over the past month, with mixed signals from its moving averages indicating differing trends in performance.
Nuvama Wealth Management has experienced notable activity today, with the stock declining by 3.75% as of January 13, 2025. The trading session began with a gap down, resulting in an initial loss of 2.27%. The stock reached an intraday low of Rs 6422.1, reflecting a decrease of 3.76% during the day.In terms of performance metrics, Nuvama Wealth Management has underperformed relative to its sector, lagging by 2.42% on a daily basis. Over the past month, the stock has declined by 7.06%, while the benchmark Sensex has seen a slightly lesser drop of 6.48%.
Currently, the stock's moving averages indicate a mixed position; it is above the 200-day moving average but below the 5-day, 20-day, 50-day, and 100-day moving averages, suggesting varying trends in short-term versus long-term performance.
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