CapitaLand India Trust (OTCMKTS:ACNDF) Shares Gap Up – Time to Buy?

CapitaLand India Trust (OTCMKTS:ACNDF – Get Free Report) shares gapped up prior to trading on Monday. The stock had previously closed at C$0.64, but opened at C$0.68. CapitaLand India Trust shares last traded at C$0.68, with a volume of 191,892 shares traded.

CapitaLand India Trust Stock Performance

The business has a 50 day moving average of C$0.73 and a two-hundred day moving average of C$0.82.

About CapitaLand India Trust

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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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