Nuvama Wealth Management Shows Notable Gains Amidst Recent Volatility in NBFC Sector

Feb 05 2025 10:20 AM IST
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Nuvama Wealth Management has demonstrated notable performance, gaining 4.19% on February 5, 2025, and outperforming its sector. The stock has seen consecutive gains over two days, totaling 15.71%. However, its one-month performance indicates a decline, contrasting with the broader market's slight decrease.
Nuvama Wealth Management has shown significant activity today, gaining 4.19% on February 5, 2025. The stock has outperformed its sector by 3.66%, marking a notable performance in the finance and non-banking financial company (NBFC) industry. Over the past two days, Nuvama has experienced consecutive gains, accumulating a total return of 15.71%.

During today's trading session, the stock reached an intraday high of Rs 5920, reflecting a rise of 4.32%. In terms of moving averages, the stock is currently above its 5-day and 20-day averages, yet remains below the 50-day, 100-day, and 200-day moving averages, indicating mixed momentum in the short to medium term.

Despite today's positive performance, Nuvama Wealth Management's one-month performance shows a decline of 14.95%, contrasting with the Sensex's slight decrease of 0.98%. This divergence highlights the stock's recent volatility and its position within the broader market context.
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