Housing Development Finance Corp. outperforms market on strong trading day

Housing Development Finance Corp. Ltd.

shares rallied 1.74% to 2,686.55 Indian rupees Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P BSE Sensex Index

rising 0.64% to 61,045.74.

Housing Development Finance Corp. Ltd. closed 168.80 rupees short of its 52-week high (2,855.35 rupees), which the company reached on April 4.

The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Can Fin Homes Ltd.

rose 1.42% to 533.50 rupees and Poonawalla Fincorp Ltd.

rose 2.64% to 301.35 rupees.

Trading volume (44,270) remained 89,873 below its 50-day average volume of 134,143.

Editor’s Note: This story was auto-generated by Automated Insights, an automation technology provider, using data from Dow Jones and FactSet. See our market data terms of use.

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