Why HUDCO stock Drop 9.51% in Day

HUDCO's share price Dropped 9.51% on Wednesday, the stock reached a low of 81.22 rupees in the day.
According to the stock exchange information, the government is selling up to a 7% stake in the state-run housing finance company through the Offer for Sale (OFS).

Support Zone - 65-67
Major Support Zone - 53-55