HUDCO's Stock Sees Decline on August 30, 2024, But Still Trading Above Long Term Averages.

Housing & Urban Development Corporation . (HUDCO) is a largecap finance company that specializes in housing finance. On August 30, 2024, the company's stock saw a decline of -4.22%, underperforming the sector by -3.52%. This trend reversal comes after three consecutive days of gains for the stock.

The stock's performance today was also lower than the 1 day performance of the Sensex, which saw a positive growth of 0.30%. In the past month, HUDCO's stock has seen a decline of -11.61%, while the Sensex has seen a growth of 1.13%.

Despite this recent decline, HUDCO's stock is still performing well in the long term. It is currently trading higher than its 100 day and 200 day moving averages, indicating a positive trend. However, it is currently lower than its 5 day, 20 day, and 50 day moving averages.

MarketsMOJO has given a 'Hold' call for HUDCO's stock, indicating a neutral stance. It is important to note that this call is based on the stock's performance and not on any future potential or expert opinions.

In conclusion, Housing & Urban Development Corporation . is a largecap finance company that has seen a decline in its stock performance on August 30, 2024. While it has underperformed the sector and the Sensex in the short term, it is still trading above its long term moving averages. MarketsMOJO has given a 'Hold' call for the stock, suggesting a neutral stance.