Nuvama Wealth Management Stock Sees 5% Increase, Rated 'Hold' by MarketsMOJO

May 22 2024 01:35 PM IST
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On May 22, 2024, Nuvama Wealth Management's stock price increased by 5.0%, reaching an intraday high of Rs 4869.95. This outperformance was reflected in the stock's 'Hold' rating by MarketsMojo. The company's moving averages are higher than the 50-day, 100-day, and 200-day averages, but lower than the 5-day and 20-day averages. Compared to the Sensex, Nuvama's stock saw a 5.09% increase, while the Sensex only saw a 0.28% increase. In the past month, Nuvama's stock has decreased by -7.18%, while the Sensex has increased by 0.69%.

Nuvama Wealth Management, a midcap finance company, saw a 5.0% increase in its stock price on May 22, 2024. This positive performance was reflected in the stock call given by MarketsMOJO, which rated the stock as 'Hold'.

The stock opened with a gain of 2.15% and reached an intraday high of Rs 4869.95, which is a 5% increase from its previous closing price. This outperformance of the stock was 5.3% higher than the sector average.

Nuvama Wealth Management's moving averages are currently higher than the 50-day, 100-day, and 200-day moving averages. However, they are lower than the 5-day and 20-day moving averages.

In comparison to the Sensex, Nuvama Wealth Management's stock performance on the day was 5.09%, while the Sensex only saw a 0.28% increase. Over the past month, Nuvama Wealth Management's stock has seen a -7.18% decrease, while the Sensex has seen a 0.69% increase.

Overall, Nuvama Wealth Management's stock has shown positive performance and is currently rated as 'Hold' by MarketsMOJO. Investors should keep an eye on the company's future performance to make informed decisions about their investments.
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