Twamev Constructions & Infrastructure Ltd Sees Strong Buying Momentum Amid Market Decline

Twamev Constructions & Infrastructure Ltd is currently witnessing significant buying activity, with the stock gaining 4.98% today, contrasting sharply with the Sensex's decline of 0.57%. Over the past week, Twamev has shown a robust performance, increasing by 12.79%, while the Sensex has decreased by 0.86%. Notably, the stock has experienced consecutive gains for the last four days, accumulating a total return of 13.22% during this period.
The stock reached an intraday high of Rs 30.74, reflecting a 4.88% increase from its previous close. In terms of moving averages, Twamev's current price is above the 5-day, 20-day, and 50-day moving averages, indicating short-term strength, although it remains below the 100-day and 200-day moving averages.

Despite a challenging year-to-date performance, where the stock is down 27.82% compared to a 4.67% rise in the Sensex, its long-term performance remains noteworthy, with a 165.26% increase over the past three years and an impressive 2022.07% rise over the last five years. The current buying pressure may be attributed to various factors, including market sentiment and potential developments within the construction sector.