Aadhar Housing Finance Ltd's Stock Sees Dip Despite Positive Moving Averages

Aadhar Housing Finance Ltd, a leading finance company in the NBFC sector, saw a dip in its stock price on September 30th, 2024. The stock closed at Rs. 468.50, down by -3.79% from the previous day's closing price. This underperformance was also reflected in the sector, with the stock falling -3.51% below the sector's average.

The stock's intraday low was Rs. 466, a decrease of -4.56% from the previous day. However, the stock's moving averages continue to show a positive trend, with the 20-day, 50-day, 100-day, and 200-day moving averages all higher than the current stock price. The only exception is the 5-day moving average, which is lower than the current stock price.

In comparison to the Sensex, Aadhar Housing Finance Ltd's performance on September 30th was -4.08%, while the Sensex's performance was -0.76%. Over the past month, the stock has shown a strong performance of 21.24%, outperforming the Sensex's 3.11% growth.

MarketsMOJO has given a 'Hold' call for Aadhar Housing Finance Ltd's stock, indicating a neutral stance. The company's size, being a largecap, provides stability and reliability to investors. With a focus on providing housing finance solutions, Aadhar Housing Finance Ltd continues to be a key player in the NBFC sector.