Aavas Financiers Ltd. Stock Sees 5.02% Increase, Outperforms Sensex in Finance Sector

Apr 01 2024 01:05 PM IST
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On April 1, 2024, Aavas Financiers Ltd. saw a 5.02% increase in its stock price, in line with the finance sector's 4.83% gain. Despite a recent downward trend, the stock outperformed the Sensex with a 1 day performance of 5.27%. However, it is still lower than the moving averages and is currently rated as 'Sell' by MarketsMojo.

Aavas Financiers Ltd., a midcap finance company specializing in housing loans, saw a 5.02% increase in its stock price on April 1, 2024. This was in line with the overall performance of the finance sector, which gained 4.83% on the same day.

The stock had been on a downward trend for the past three days, but saw a reversal with the 5.02% increase. It also touched an intraday high of Rs 1383.55, a 5.16% increase from the previous day's closing price.

While the stock's performance today is in line with the sector, it is still lower than the 20 day, 50 day, 100 day, and 200 day moving averages. However, it is higher than the 5 day moving average.

According to MarketsMOJO, a leading stock analysis platform, the stock's current call is 'Sell'. This is based on the stock's recent performance and market trends, and is not influenced by any external factors such as investor interest or expert recommendations.

In comparison to the overall market performance, Aavas Financiers Ltd. has outperformed the Sensex with a 1 day performance of 5.27% compared to the Sensex's 0.48%. However, its 1 month performance is -3.64%, while the Sensex has seen a 0.35% increase in the same time period.

Overall, Aavas Financiers Ltd. has shown a positive performance in the finance sector, but its stock price is still lower than the moving averages. Investors should keep an eye on the stock's performance in the coming days to make informed decisions.
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