Housing & Urban Development Corporation Ltd (HUDCO)

Elara Initiates Coverage on HUDCO with Buy Rating - 15 May, 2024

Elara Capital has initiated coverage on Housing & Urban Development Corporation (HUDCO) with a buy rating and a target price of Rs 297. The company is looking to resolve around Rs 600 crore of legacy bad debts, while the outlook for affordable housing is positive.

HUDCO Signs MoU for Surat MMTH Construction; Subsidiary Allocates Shares Worth Rs 100 Crore - 13 May, 2024

Housing & Urban Development Corporation Ltd (HUDCO) has signed an MoU with Surat Integrated Transportation Development Corporation (SITCO) for the construction and development of Surat Multi Modal Transportation Hub. Additionally, its subsidiary Clothing Retail allocated shares worth Rs 100 crore.

HUDCO Signs MoU for Surat Transportation Hub - 10 May, 2024

Housing & Urban Development Corporation Ltd (HUDCO) has signed an MoU with the Surat Integrated Transportation Development Corporation Limited (SITCO) to construct and develop the Surat Multi-Modal Transportation Hub on land allocated by the Ministry of Railways and the Government of Gujarat.

HUDCO Shares Surge Over 170% in Last Six Months - 08 May, 2024

Housing & Urban Development Corporation Ltd (HUDCO) shares have surged over 170% in the last six months, with strong support at 207 level. Earlier this month, Care Ratings reaffirmed stable ratings for various instruments of HUDCO.

HUDCO Stock Gains as State/Government Holders See Profits - 27 Apr, 2024

Housing & Urban Development Corporation Ltd (HUDCO) saw gains as state/government holders profited from their considerable ownership. Kunal Shah of LKP Securities recommends buying at Rs 227 with a target price of Rs 250/260.

HUDCO Shares Surge on Record High Amid Heavy Volumes - 26 Apr, 2024

Shares of Housing & Urban Development Corporation Ltd (HUDCO) surged as much as 15% to a record high of Rs.234.30, with heavy volumes and expectations of good growth going forward.

HUDCO Granted Navratna Status by DPE - 22 Apr, 2024

Housing and Urban Development Corporation Limited (HUDCO) has been granted Navratna status by the Department of Public Enterprises (DPE), allowing it to invest up to Rs. 1000 crore or 15% of its net worth on a single project, or up to 30% of its net worth in a year. HUDCO's Q3 FY23-24 revenue from operations grew by around 8% QoQ accompanied by an increase in net profit by 14.8% QoQ.

HUDCO Stock Rises After Receiving Navratna Status - 19 Apr, 2024

Housing & Urban Development Corporation Ltd (HUDCO) stock rose on BSE after being granted Navratna status by the Department of Public Enterprises. The stock opened at Rs 192.05 and reached a high of Rs 196.50, up 1.95% from the previous close of Rs 192.75.