Nexus Select Trust Stock Declines for Third Consecutive Day, Offers High Dividend Yield

Nexus Select Trust, a largecap real estate company, has seen a decline in its stock performance on August 9th, 2024. The stock has lost -4.21% on this day, underperforming the sector by -5.44%. This marks the third consecutive day of losses for the company, with a total decline of -5.74% in this period.

The stock opened with a gap down of -2.51% and touched an intraday low of Rs 136.97, showing a decrease of -4.62%. While the stock's moving averages are higher than the 100-day and 200-day averages, they are lower than the 5-day, 20-day, and 50-day averages.

Despite the recent decline in stock performance, Nexus Select Trust still offers a high dividend yield of 5.57% at the current price. However, it is important to note that this article is not making any recommendations or mentioning any potential for future growth.

According to MarketsMOJO, a leading financial analysis platform, the stock call for Nexus Select Trust is 'Hold'. This is based on the stock's 1-day performance of -3.90% compared to the Sensex's performance of 1.07%, and its 1-month performance of -5.68% compared to the Sensex's performance of -0.77%.

Investors should keep an eye on Nexus Select Trust's stock performance and make informed decisions based on their own research and analysis. As always, it is important to remember that past performance does not guarantee future results.