Nuvama Wealth Management Stock Sees 3.2% Increase, Recommended as 'Hold' by MarketsMOJO

Nuvama Wealth Management, a leading finance and non-banking financial company (NBFC), saw a 3.2% increase in its stock price on November 14, 2024. This positive movement was in line with the overall performance of the sector, as the company outperformed the sector by 2.11%.

According to MarketsMOJO, a leading stock analysis platform, the current stock call for Nuvama Wealth Management is 'Hold'. This recommendation is based on the company's recent performance and market trends.

In terms of price movement, Nuvama Wealth Management opened with a loss of -2.75% today, but managed to touch an intraday high of Rs 6670 (3.28%) and an intraday low of Rs 6280.2 (-2.75%). The stock has also shown a trend reversal, gaining after 4 consecutive days of fall.

While the stock's performance today may have been volatile, it is worth noting that Nuvama Wealth Management's moving averages are currently higher than its 100-day and 200-day moving averages. However, it is lower than its 5-day, 20-day, and 50-day moving averages.

In comparison to the overall market performance, Nuvama Wealth Management has shown a 1-day performance of 3.02% compared to Sensex's 0.20%. Similarly, in the past month, the company's performance has been -3.01% while Sensex's performance has been -5.04%.

Overall, Nuvama Wealth Management's stock has shown positive movement and is currently recommended as a 'Hold' by MarketsMOJO. Investors should keep an eye on the company's performance and market trends before making any investment decisions.