Housing & Urban Development Corporation Ltd. (HUDCO) Hits 52-Week High, Outperforms Sector with Impressive Growth

Feb 02 2024 09:40 AM IST
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HUDCO's stock price has reached a 52-week high, gaining 36.28% in the past three days. The company has consistently outperformed the sector and is currently trading above its moving averages. With a 385.38% increase in the past year, HUDCO's strong financials and growth in the housing finance sector make it a promising stock to watch out for.

Housing & Urban Development Corporation Ltd. (HUDCO) has reached a new milestone as its stock price touched a 52-week high on February 2, 2024. The stock has been on an upward trend for the past three days, gaining 36.28% in this period. Today, it opened with a gain of 6.15% and touched an intraday high of Rs 226.95, outperforming the sector by 1.1%.

HUDCO, a largecap company in the finance-housing industry, has been consistently performing well and has surpassed its previous all-time high of Rs. 226.95. The stock is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong bullish trend.

The overall performance of HUDCO in the past year has been impressive, with a 385.38% increase in its stock price, outperforming the Sensex's performance of 20.88%. This growth can be attributed to the company's strong financials and consistent growth in the housing finance sector.

MarketsMOJO has given a 'Hold' call for HUDCO, indicating that the stock is expected to perform steadily in the near future. With the current positive momentum and the company's strong fundamentals, HUDCO is definitely a stock to watch out for in the finance-housing industry.
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