Nuvama Wealth Management's Stock Sees Decline, Underperforms Sector by -2.03%

Nuvama Wealth Management, a leading finance and non-banking financial company (NBFC), has recently seen a decline in its stock price. On November 12, 2024, the company's stock lost -3.39%, underperforming the sector by -2.03%. This has led to a 'Hold' call by MarketsMOJO for the stock. The stock has been on a downward trend for the past three days, with a consecutive fall of -11.19% in returns during this period. On the same day, the stock touched an intraday low of Rs 6560, showing a decline of -3.39%. Despite this recent decline, Nuvama Wealth Management's stock is still performing well in the long term. It is currently trading higher than its 100-day and 200-day moving averages, but lower than its 5-day, 20-day, and 50-day moving averages. In comparison to the overall market performance, Nuvama Wealth Management's stock has underperformed. On a one-day basis, the stock's performance was -3.56% compared to the Sensex's -1.08%. Similarly, in the past month, the stock's performance was -2.16% while the Sensex's performance was -3.37%. It is important to note that this article is based on factual information and does not include any external data or sources. As a largecap company in the finance and NBFC industry, Nuvama Wealth Management's stock performance is closely monitored by investors and analysts. However, it is always recommended to do your own research and consult with a financial advisor before making any investment decisions.