HUDCO:Reversal in Motion –Average Crossover & Strong Fundamental

5 天前

"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.