Nexus Select Trust Stock Drops -3.76% on August 1st, But Long-Term Performance Remains Strong

Nexus Select Trust, a largecap real estate company, experienced a decline of -3.76% on August 1st, 2024. This drop in stock price has been reflected in the 'Hold' rating given by MarketsMOJO. The stock reached a new 52-week and all-time high of Rs.156 on the same day, but underperformed the sector by -2.1%. The stock also touched an intraday low of Rs.146.52, representing a decrease of -4.4%.

Despite the recent decline, Nexus Select Trust's moving averages are still higher than the 50-day, 100-day, and 200-day moving averages. However, it is currently lower than the 5-day and 20-day moving averages. This indicates that the stock has been performing well in the long term, but has faced some challenges in the short term.

Investors may also be interested in the high dividend yield of 3.91% at the current price. This could potentially provide a steady source of income for shareholders.

In comparison to the overall market performance, Nexus Select Trust has underperformed the Sensex by -2.51% in the past day and has outperformed by 4.45% in the past month. This shows that while the stock may have experienced a recent decline, it has still been performing well in the longer term.

Overall, Nexus Select Trust's recent performance may have been affected by market fluctuations, but its long-term performance and high dividend yield make it a potentially attractive investment option for those interested in the real estate industry.