Nexus Select Trust Reaches New Milestone with 52-Week High Stock Price, Strong Performance and Dividend Yield

Nexus Select Trust, a largecap real estate company, has recently reached a new milestone as its stock price touched a 52-week high on August 1st, 2024. This comes as a positive sign for investors, as the stock has been performing well in the market.

According to MarketsMOJO, a leading financial analysis platform, the stock has been given a 'Hold' rating. This indicates that the stock is expected to perform steadily in the near future, without any major fluctuations.

The current price of Nexus Select Trust stands at Rs.156, which is its new 52-week and all-time high. However, the stock underperformed the sector by -0.31% on the day of the milestone. Despite this, the stock is still trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which is a positive sign for investors.

In addition, Nexus Select Trust offers a high dividend yield of 3.91% at the current price, making it an attractive option for investors looking for stable returns.

In terms of performance, Nexus Select Trust has outperformed the Sensex, with a 1-year return of 32.36% compared to the Sensex's 23.46%. This further solidifies the company's position as a strong player in the real estate industry.

Overall, Nexus Select Trust's recent milestone and consistent performance make it a promising investment option for those looking to invest in the real estate sector. With a 'Hold' rating and strong financials, the company is well-positioned for future growth and success.