Nuvama Wealth Management's Stock Hits 52-Week High and Receives 'Buy' Call from MarketsMOJO

Nuvama Wealth Management, a leading finance and non-banking financial company (NBFC), has recently hit a new milestone with its stock price reaching a 52-week high on October 16, 2024. This positive development has been noted by MarketsMOJO, who have given a 'Buy' call for the company's stock.

The stock has been performing exceptionally well, outperforming the sector by 2.05% and gaining for the last four consecutive days. In fact, in just the past four days, the stock has risen by 10.97%. Today, the stock touched an intraday high of Rs 7190, which is a 4.14% increase from the previous day's closing.

Nuvama Wealth Management's stock is also trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. This is a positive sign for investors and reflects the company's strong financial performance.

In the past year, Nuvama Wealth Management has shown an impressive growth of 201.09%, outperforming the Sensex's performance of 23.52%. This further highlights the company's strong position in the finance and NBFC industry.

With its stock reaching a new high and receiving a 'Buy' call from MarketsMOJO, Nuvama Wealth Management is definitely a company to watch out for in the finance sector. Its consistent growth and strong financial performance make it a promising investment opportunity for investors.