Aadhar Housing Finance Reaches New 52-Week High Amid Broader Market Decline
Aadhar Housing Finance's stock reached a new 52-week high of Rs. 525.65, showcasing strong performance despite a declining broader market. The company has outperformed its sector and delivered a 14.79% return over the past year, significantly exceeding the Sensex's modest gains during the same period.
Aadhar Housing Finance has made headlines today as its stock price reached a new 52-week high of Rs. 525.65, marking a significant milestone for the large-cap housing finance company. This achievement comes amid a broader market environment where the Sensex has experienced a decline, currently trading at 81,544.21, down 0.26% after a positive opening.The stock has shown impressive performance, outperforming its sector by 2.14% and gaining 2.49% over the last two days. It opened with a notable gain of 2.8% today and peaked at an intraday high of Rs. 525.65, reflecting a 4.12% increase. Aadhar Housing Finance is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend.
Over the past year, Aadhar Housing Finance has delivered a return of 14.79%, significantly outperforming the Sensex, which has only seen a 1.17% increase during the same period. The stock's 52-week low stands at Rs. 340.5, highlighting its recent upward trajectory in a challenging market landscape.
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