Navratna PSU stock to BUY: Analyst suggests up to 64% return in this scrip - Check target

Navratna PSU stock to BUY: Here we are going to talk about one such PSU stock which has corrected 40 per cent from its high. The valuation is attractive, the growth outlook is strong and due to strong fundamentals, brokerage firm Elara Securities is recommended 'buy'.

Navratna PSU stock to BUY: The stock that we are talking about is the state-run Housing & Urban Development Corporation (HUDCO). The stock is trading in the range of Rs 215. The brokerage has recommended buying this PSU stock for a target of Rs 361. 

Navratna PSU stock to BUY: On July 12, the stock made a high of Rs 354. From there it has corrected by more than 40 per cent. On October 28, the stock reached a low of Rs 192 and from there, it seems to be rebounding. The counter had closed at Rs 219.95 in the last trading session and from here, it can give a return of around 65 per cent. 

Navratna PSU stock to BUY: The Housing and Urban Development Corporation (Hudco), a state-run non-banking financial company, finances urban infrastructure and Pradhan Mantri Awas Yojana. 

Navratna PSU stock to BUY: The performance in Q2 has been excellent. There has been a good improvement in NPA. Loan book growth is strong. Net interest margin also remains healthy. The overall outlook of this sector is also strong. 

Navratna PSU stock to BUY: The counter has given a positive return of 173 per cent in one year. On a YTD basis, the scrip has gained around 67 per cent.

Navratna PSU stock to BUY: The advice to invest in stocks here has been given by the brokerage house. These are not the views of Zee Business. Consult your advisor before investing.