Housing and Urban Development Corporation continues significant uptrend; increases 1.9%
Housing and Urban Development Corporation Limited (NSE:HUDCO), India's 5th largest Housing finance company by market cap, has increased Rs0.75 (1.9%) from its previous trading session to close at Rs40.80. Compared with the BSE SENSEX Index which rose 136.9 points (0.3%) in the day, the relative price increase was 1.5%. There were 1,550,774 shares worth Rs63.6 million (US$901,782) traded today. The rise has been propped up by robust volume of 1.5 times the average daily volume of 1 million shares.
Technical indicators complementing today's significant uptrend:
+ The positive 1.23 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.
+ In the Indian market, the stock's relative price strength percentile is improving at 75 for 6 months, 76 for 3 months and 90 for 1 month.
+ In the last one month the stock has hit a new 52-week high seven times, pointing to an uptrend.
+ The price soared 15.7% in the last week and 20.7% in the last month.