Nuvama Wealth Management Faces Significant Market Challenges Amid Broader Sector Decline

Jan 22 2025 09:50 AM IST
share
Share Via
Nuvama Wealth Management has encountered significant market challenges, with a recent decline contributing to an overall drop of 8.68% over two days. The stock is trading below its moving averages and has seen an 18.16% decrease over the past month, contrasting with the broader market's performance.
Nuvama Wealth Management has faced notable challenges in the market, experiencing a decline of 3.94% on January 22, 2025. This drop has contributed to an overall decrease of 8.68% over the past two days, indicating a period of underperformance relative to its sector, which has seen a 3.1% decline.

On this trading day, the stock reached an intraday low of Rs 5620, reflecting a decrease of 3.93%. Nuvama Wealth is currently trading below its moving averages across multiple time frames, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, suggesting a bearish trend.

In the context of broader market performance, Nuvama Wealth Management's one-day performance stands at -4.19%, while the Sensex has recorded a slight gain of 0.26%. Over the past month, the company's stock has declined by 18.16%, contrasting with the Sensex's decrease of 2.57%. These metrics highlight the ongoing challenges faced by Nuvama Wealth Management in the current market environment.
{{stockdata.stock.stock_name.value}} Live

{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)

{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)


Our weekly and monthly stock recommendations are here
Loading...
{{!sm.blur ? sm.comp_name : ''}}
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Entry Price
Target Price
{{sm.target_price }} ({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News