Aadhar Housing Finance Stock Sees 6.6% Increase, Rated 'Hold' by MarketsMOJO

Aadhar Housing Finance, a midcap finance company, saw a 6.6% increase in its stock price on October 8th, 2024. This positive performance was reflected in the stock call given by MarketsMOJO, which rated the stock as 'Hold'.

The stock opened with a loss of -2.2% today, but quickly rebounded and touched an intraday high of Rs 458.4, a 6.68% increase from its previous close. This outperformance of the sector by 5.9% is a positive sign for the company.

Moreover, the stock has gained after 5 days of consecutive fall, indicating a potential trend reversal. However, it is important to note that the stock is currently trading below its 5 day and 20 day moving averages, but is higher than its 50 day, 100 day, and 200 day moving averages.

In comparison to the Sensex, Aadhar Housing Finance has shown a 1 day performance of 6.25%, outperforming the Sensex's performance of 0.52%. Similarly, in the past month, the company has shown a 2.79% increase, while the Sensex has only seen a 0.35% increase.

Overall, Aadhar Housing Finance's stock has shown positive performance and is currently rated as 'Hold' by MarketsMOJO. Investors should keep an eye on the company's future performance to make informed decisions.