Indiabulls Housing Finance Stock Soars to New High

Dec 18 2023 03:00 PM IST
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Indiabulls Housing Finance, a midcap company in the finance-housing industry, has seen a positive trend in its stock performance. On December 18, 2023, the stock gained 5.51%, closing at Rs. 234.65, marking a new 52-week high. The stock has outperformed its sector and the Sensex, with a strong bullish trend and consecutive gains in the last 5 days.

Indiabulls Housing Finance, a midcap company in the finance-housing industry, has seen a positive trend in its stock performance. On December 18, 2023, the stock gained 5.51%, closing at Rs. 234.65. This marks a new 52-week high for the company, indicating a strong upward momentum.

According to MarketsMOJO, a leading stock analysis platform, the current stock call for Indiabulls Housing Finance is 'Hold'. This is based on the company's recent performance and market trends.

In terms of price performance, Indiabulls Housing Finance has outperformed its sector by 4.43% on the day. The stock has also been on a consecutive gain for the last 5 days, with a total return of 15.88% in that period. The intraday high for the stock was Rs. 234.65, showing a 5.96% increase.

Indiabulls Housing Finance is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong bullish trend.

In comparison to the Sensex, Indiabulls Housing Finance has performed well in the short and medium term. In the last 1 day, the stock has gained 4.45% while the Sensex has seen a decline of 0.20%. In the last 1 month, the stock has gained 20.34% while the Sensex has seen a growth of 8.42%.

Overall, Indiabulls Housing Finance has shown a positive trend in its stock performance, with strong gains and outperforming its sector and the Sensex. Investors may want to keep an eye on this midcap company in the finance-housing industry.
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