GIC Housing Finance Stock Soars 8.15% on September 13, Outperforming Sector

GIC Housing Finance, a smallcap company in the finance industry, has seen a significant increase in its stock price on September 13, 2024. The stock gained 8.15%, outperforming the sector by 7.03%. This positive performance comes after the stock has been on a consecutive upward trend for the past two days, with a total return of 7.95% during this period.

On September 13, the stock reached an intraday high of Rs 247, showing a strong upward movement of 8.26%. This is a positive sign for investors, as the stock is currently trading higher than its 5-day, 20-day, 100-day, and 200-day moving averages. However, it is still lower than its 50-day moving average.

In comparison to the overall market performance, GIC Housing Finance has outperformed the Sensex by 8.46% on September 13, with a 1-day performance of 8.24% for the company and -0.22% for the Sensex. Similarly, in the past month, the company has shown a 1-month performance of 6.06%, while the Sensex has only gained 4.84%.

While the stock call by MarketsMOJO is currently 'Sell', the recent performance of GIC Housing Finance shows a positive trend. Investors should keep an eye on the company's performance in the coming days to make informed decisions about their investments.