Indiabulls Housing Finance Stock Sees Decline, Rated as 'Hold' by MarketsMOJO

Indiabulls Housing Finance, a midcap company in the finance industry, has recently seen a decline in its stock price. On February 12, 2024, the company's stock lost -5.38%, closing at Rs 176.85. This decline has been reflected in the stock call given by MarketsMOJO, which has rated it as 'Hold'.

In terms of performance, Indiabulls Housing Finance has outperformed the sector by 0.65% today. However, the stock has been on a downward trend for the past two days, with a fall of -6.83% in this period. The stock also touched an intraday low of Rs 175.6, a decrease of -4.98%.

While the stock's moving averages are higher than the 100-day and 200-day averages, they are lower than the 5-day, 20-day, and 50-day averages. This indicates a mixed trend for the company's stock.

In comparison to the overall market performance, Indiabulls Housing Finance has underperformed. Its 1-day performance is -5.95% compared to the Sensex's -0.61%, and its 1-month performance is -12.09% compared to the Sensex's -1.94%.

It is important to note that this article is based on factual information and does not include any external data or sources. It is not intended to provide any recommendations or discuss potential future developments. As a midcap company in the finance industry, Indiabulls Housing Finance's stock performance will continue to be closely monitored by investors and analysts.