India Shelter Finance Corporation's Stock Sees Slight Dip, But Positive Outlook Remains

Sep 16 2024 10:35 AM IST
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On September 16, 2024, India Shelter Finance Corporation's stock closed at Rs 755.75, down by -5.11%. Despite this, MarketsMojo has given a 'Buy' call, indicating a positive outlook. The stock has underperformed the sector by -4.53% and saw a trend reversal after two days of gains. Moving averages show a mixed picture, but overall, the stock has seen a decrease of -6.41% in the past day. Investors should monitor the stock's performance for informed decisions.


India Shelter Finance Corporation, a midcap finance company specializing in housing loans, experienced a slight dip in its stock price on September 16, 2024. The stock closed at Rs 755.75, down by -5.11% from the previous day's closing price.

Despite this dip, MarketsMOJO has given a 'Buy' call for India Shelter Finance Corporation, indicating a positive outlook for the company. However, it is important to note that the stock has underperformed the sector by -4.53% on the same day.

The stock also saw a trend reversal, falling after two consecutive days of gains. It touched an intraday low of Rs 750.75, a decrease of -5.52% from the previous day's closing price.

In terms of moving averages, India Shelter Finance Corporation's stock is currently higher than the 20-day, 50-day, 100-day, and 200-day moving averages. However, it is lower than the 5-day moving average.

On a broader scale, India Shelter Finance Corporation's stock performance has been -6.41% in the past day, while the Sensex has seen a positive performance of 0.18%. In the past month, the stock has seen a decrease of -1.44%, while the Sensex has seen a positive performance of 3.24%.

Overall, India Shelter Finance Corporation's stock may have experienced a slight dip, but it still holds a positive outlook according to MarketsMOJO. Investors should keep an eye on the stock's performance in the coming days to make informed decisions.
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