Shares of CapitaLand India Trust (OTCMKTS:ACNDF – Get Free Report) gapped down before the market opened on Wednesday. The stock had previously closed at C$0.70, but opened at C$0.63. CapitaLand India Trust shares last traded at C$0.63, with a volume of 125,945 shares trading hands.
CapitaLand India Trust Stock Down 5.6%
The firm’s 50 day moving average is C$0.71 and its two-hundred day moving average is C$0.81.
About CapitaLand India Trust
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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