"HUDCO: Reversal in Motion – Moving Average Crossover & Strong Fundamentals"
Stock: Housing & Urban Development Corporation Ltd. (HUDCO)
Analysis: HUDCO is showing clear signs of a reversal after a period of correction. The stock is at a critical juncture with a moving average crossover, signaling the possibility of further upside. Backed by excellent financials and increasing institutional interest, the stock looks poised for a strong rally.
Key Highlights:
Promoter Holding: Stable at 75.00% (Sep 2024 quarter). Institutional Confidence: FII/FPI Investors: Increased from 128 to 145. Mutual Fund Schemes: Increased from 18 to 20, signaling growing trust. Financials: Revenue: ₹2,526 Cr, a solid 34.3% YoY growth. Net Profit: ₹689 Cr, an impressive 52.5% YoY growth. Technical Setup:
Reversal Pattern: The stock has started recovering after a significant correction. Moving Average Crossover: A bullish signal that may trigger further buying momentum. Trade Plan:
Entry: Near CMP or after sustained confirmation of the crossover. Targets: ₹285 (short-term), ₹344 (mid-term). Stop Loss: Below ₹190 to manage risk. Disclaimer: This analysis is for educational and informational purposes only and should not be considered as financial advice. Please conduct your own research or consult a financial advisor before making any investment decisions.
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.