HUDCO Stock Continues Downward Trend, Rated as 'Hold' by MarketsMOJO

Housing & Urban Development Corporation . (HUDCO) has been facing a downward trend in the stock market, with a loss of -3.08% on October 7th, 2024. This has been reflected in the stock call given by MarketsMOJO, which has rated the stock as 'Hold'.

In terms of price performance, HUDCO has underperformed the sector by -2.09% on the same day. The stock has been on a consecutive fall for the last 4 days, with a total decline of -10.3% during this period. On October 7th, the stock touched an intraday low of Rs 216.4, a decrease of -3.5%.

HUDCO's moving averages also indicate a downward trend, as the stock is currently trading below its 5 day, 20 day, 50 day, 100 day, and 200 day moving averages. This suggests a bearish sentiment in the market for the company.

In the finance - housing sector, HUDCO's performance has fallen by -2.17%. This is in line with the overall trend in the sector, which has also seen a decline.

Comparing HUDCO's performance to the Sensex, the stock has underperformed with a -3.81% decrease in the last 1 day, while the Sensex has seen a slight increase of 0.17%. In the last 1 month, HUDCO's performance has been even worse, with a decline of -15.13%, while the Sensex has seen a small increase of 0.79%.

Overall, HUDCO's stock has been on a downward trend and has underperformed both the sector and the Sensex. Investors may want to hold off on investing in this stock until there is a significant improvement in its performance.