Siel Financial Services Achieves 18-Day Winning Streak Amid Strong Buying Activity

Siel Financial Services Ltd is currently witnessing significant buying activity, with the stock showing a notable performance against the broader market. Today, Siel Financial Services has gained 1.98%, while the Sensex has declined by 0.18%. Over the past week, the stock has surged by 9.94%, contrasting with a 1.33% drop in the Sensex. Impressively, the stock has achieved a remarkable 55.66% increase over the past month, while the Sensex has only managed a modest gain of 0.76%.
The stock has been on a strong upward trajectory, marking 18 consecutive days of gains, resulting in a total return of 62.72% during this period. This performance is particularly noteworthy given its current standing as a microcap in the Non-Banking Financial Company (NBFC) sector.

In terms of price summary, Siel Financial Services opened with a gap up and reached an intraday high, further indicating robust buyer interest. The stock's moving averages are currently higher than the 5-day, 20-day, and 50-day averages, although they remain below the 100-day and 200-day averages. This trend suggests a potential shift in market sentiment towards the stock, contributing to the ongoing buying pressure.