India's HUDCO surges over 50% in one month

Housing and Urban Development

19/12/2022 09:16

** Shares of Housing and Urban Development Corp Ltd
 HUDC.NS  up 55.9% in the past one month 
    ** HUDC shares up 7.3% at 57.65 rupees
    ** HUDC shares trading above 50-, 100-, and 200-day simple
moving averages of 44.16 rupees, 41.16 rupees, and 37.95 rupees,
respectively, since Nov 3 indicating bullish sentiment
    ** Moving average convergence divergence (MACD) seen above
signal line, indicating bullish bias
    ** Volumes rose exponentially from Nov. 16, averaging about
25.6 mln shares until last close, vs 2.8 mln in the previous 23
sessions
    ** About 24.9 mln shares change hands, near their average
volume recorded last near Nov 16
    ** As of last close, stock up 38.1% this year
 (Reporting by Nandan Mandayam in Bengaluru)
 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))