Reliance Home Finance Stock Sees Significant Increase and Bulk Deals Amidst Market Performance

Reliance Home Finance, a microcap company in the finance-housing industry, has been in the news recently due to its stock performance. According to MarketsMOJO, the stock has been given a 'Sell' call. On 21st December 2023, there were several bulk deals made by different companies and individuals.

Hi Growth Corporate Services Pvt Ltd bought 7.84 lacs shares at Rs 3.26 on BSE, while Sahastraa Advisors Private Limited bought 24.42 lacs shares at Rs 3.21 on BSE. On the other hand, Hi Growth Corporate Services Pvt Ltd sold 30.18 lacs shares at Rs 3.32 on BSE, and Sahastraa Advisors Private Limited sold 19.42 lacs shares at Rs 3.21 on BSE.

Similarly, on NSE, Hi Growth Corporate Services Pvt Ltd bought 53.44 lacs shares at Rs 3.26 and sold 31.1 lacs shares at Rs 3.25. Sahastraa Advisors Private Limited bought 37.24 lacs shares at Rs 3.18 and sold 48.24 lacs shares at Rs 3.29.

In addition, on 18th December 2023, Vandana Yogesh Bhosale and Yogesh Bhaskar Bhosale sold 24.55 lacs shares and 24.45 lacs shares respectively at Rs 3 on NSE. On 14th December 2023, Multiplier Share & Stock Advisors Private Limited sold 27.5 lacs shares at Rs 2.8 on NSE, and on 13th December 2023, they bought 3 lacs shares at Rs 2.68 and sold 3 lacs shares at Rs 2.7 on NSE. On 11th December 2023, Multiplier Share & Stock Advisors Private Limited bought 24.56 lacs shares at Rs 2.5 on NSE.

The stock has also been performing well in the market, hitting a new 52-week high of Rs.5.65 and outperforming the sector by 4.81%. It has been on a consecutive gain for the last 11 days and has seen a rise of 69.16% in returns during this period. It is also trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.

In comparison to the Sensex, Reliance Home Finance has shown a 1-day performance of 4.82% while the Sensex has only seen a 0.25% increase. In the last month, the stock has seen a significant increase of 161.57% while the Sensex has only seen a 3.94% increase.

Overall, Reliance Home Finance has been making headlines with its stock performance and bulk deals. However, it is important to note that this is not a recommendation and the information provided is based on facts and data. Investors should do their own research and analysis before making any investment decisions.