Ontic Finserve Ltd Achieves Five-Day Winning Streak Amid Strong Buying Activity

Ontic Finserve Ltd, a microcap player in the Non-Banking Financial Company (NBFC) sector, is witnessing significant buying activity, with the stock rising 4.88% today, notably outperforming the Sensex, which gained only 0.17%. Over the past week, Ontic Finserve has shown a remarkable 19.44% increase, marking five consecutive days of gains. This trend is further highlighted by its performance over the last month, where the stock has surged 26.47%, compared to the Sensex's modest 1.19% rise.
In terms of price summary, Ontic Finserve opened with a gap up and reached an intraday high, reflecting strong buyer sentiment. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a robust upward trend.

Factors contributing to this buying pressure may include positive market sentiment towards the NBFC sector, recent company developments, or broader economic indicators favoring financial services. Over the past year, Ontic Finserve has delivered a substantial 56.36% return, contrasting sharply with the Sensex's minimal 0.05% gain, further emphasizing its strong market position.