HUDCO Stock Faces Decline, But Long-Term Performance Remains Strong

Housing & Urban Development Corporation . (HUDCO) has recently faced a decline in its stock price, losing -5.02% on February 9th, 2024. This has been reflected in the stock's performance today, as it underperformed the sector by -3.99%. The stock also touched an intraday low of Rs 185.65, showing a decrease of -6.26%.

Despite this recent dip, HUDCO's moving averages are still higher than the 20 day, 50 day, 100 day, and 200 day moving averages. However, it is currently lower than the 5 day moving average. This indicates that while the stock has been performing well in the long term, it has faced some challenges in the short term.

MarketsMOJO has given a 'Hold' call for HUDCO's stock, suggesting that investors should hold onto their shares for now. It is important to note that this recommendation is based on fact-based analysis and not influenced by any external factors such as investor interest or expert opinions.

In comparison to the overall market performance, HUDCO's stock has shown a decline of -6.16% in the past day, while the Sensex has only seen a slight increase of 0.05%. However, in the past month, HUDCO's stock has outperformed the Sensex with a growth of 47.91% compared to the Sensex's 0.11% growth.

Overall, while HUDCO's stock has faced a recent decline, it has shown strong performance in the long term and has been recommended as a 'Hold' by MarketsMOJO. Investors should continue to monitor the stock's performance and make informed decisions based on fact-based analysis.