Nuvama Wealth Management's Stock Outperforms Sector and Receives 'Buy' Call from MarketsMOJO

Nuvama Wealth Management, a leading finance and non-banking financial company (NBFC), has been making waves in the market with its recent performance. On October 31, 2024, the company's stock gained 3.01%, outperforming the sector by 3.92%. This positive trend has been recognized by MarketsMOJO, who have given a 'Buy' call for the stock. In terms of price performance, Nuvama Wealth has been on a consecutive gain for the last two days, with a rise of 5.08% in this period. The stock also touched an intraday high of Rs 6925, showing a 3.57% increase. This is further supported by the fact that Nuvama Wealth is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. In comparison to the overall market performance, Nuvama Wealth has also shown strong results. On a one-day basis, the stock has outperformed the Sensex by 3.50%, while on a one-month basis, it has outperformed by 6.06%. This is a testament to the company's consistent growth and strong performance in the finance and NBFC industry. Nuvama Wealth Management continues to be a top player in the large-cap market, with its stock showing positive and consistent growth. With a 'Buy' call from MarketsMOJO and strong price performance, it is clear that Nuvama Wealth is a company to watch out for in the finance and NBFC sector.