CapitaLand India Trust (OTCMKTS:ACNDF) Shares Gap Up – Here’s Why

CapitaLand India Trust (OTCMKTS:ACNDF – Get Free Report) shares gapped up prior to trading on Friday. The stock had previously closed at C$0.65, but opened at C$0.72. CapitaLand India Trust shares last traded at C$0.72, with a volume of 6,720 shares trading hands.

CapitaLand India Trust Price Performance

The business has a 50-day moving average of C$0.71 and a 200 day moving average of C$0.81.

CapitaLand India Trust Company Profile

(Get Free Report)

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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