CapitaLand India Trust (OTCMKTS:ACNDF – Get Free Report) shares saw unusually-strong trading volume on Thursday. 126,302 shares changed hands during mid-day trading, an increase of 486% from the average daily volume of 21,569 shares. The stock last traded at C$0.70 and had previously closed at C$0.65.
CapitaLand India Trust Stock Performance
The firm’s 50 day moving average is C$0.72 and its 200-day moving average is C$0.82.
CapitaLand India Trust Company Profile
CapitaLand India Trust, formerly known as Ascendas India Trust, is a Singapore-listed business trust focused on owning and operating income-producing commercial properties in India. The trust is sponsored by CapitaLand Investment and invests primarily in technology parks, business parks and office assets serving multinational companies, technology firms and other corporate tenants.
Its portfolio has historically been concentrated in major Indian technology and business hubs, including Bengaluru, Chennai, Hyderabad and Pune.
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