Religare Enterprises Shows Short-Term Gains Amid Mixed Long-Term Trends in NBFC Sector

Religare Enterprises, a midcap player in the Non-Banking Financial Company (NBFC) sector, has shown notable activity today, gaining 5.71% on May 21, 2025. This performance has allowed the stock to outperform its sector by 3.74%. Over the past two days, Religare has recorded a cumulative return of 5.45%, indicating a positive short-term trend.
The stock reached an intraday high of Rs 229.9, reflecting a 4.98% increase during the trading session. In terms of moving averages, Religare's stock is currently above its 5-day, 20-day, and 50-day moving averages, although it remains below the 100-day and 200-day moving averages, suggesting mixed signals in the longer-term trend.

In the broader market context, the Sensex has also experienced upward momentum, climbing 238.45 points to reach 81,566.06, a rise of 0.47%. Midcap stocks are leading the market today, with the BSE Mid Cap index gaining 0.58%. Despite Religare's recent gains, its performance over the past three months shows a decline of 13.06%, contrasting with the Sensex's increase of 8.31% during the same period.