News and Views
Recent Price Movement and Market Performance
On 27 January, Nuvama Wealth Management Ltd’s shares closed at ₹1,280.00, down ₹53.5 or 4.01% from the previous close. This decline is part of a broader downward trend, with the stock losing nearly 10% over the past week, significantly underperforming the Sensex, which was down just 0.39% in the same period. Over the last month, the stock has fallen 14.33%, compared to the Sensex’s 3.74% decline, and year-to-date losses stand at 13.48%, again far worse than the benchmark’s 3.95% drop.
Despite this recent weakness, the stock has delivered a robust 23.91% return over the last year, outperforming the broader market’s 8.61% gain. This suggests that while the company’s long-term prospects have been rewarded by investors, short-te...
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