Thu, Jun 06, 2024
The PSU stocks that were touching the lower circuits a day before are heading for the upper circuits today (Thursday, June 6, 2024). PSU stocks such as BHEL, HUDCO, Cochin Shipyard, NBCC (India), and Engineers India staged excellent recovery today.
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Sun, May 19, 2024
Elara Capital says that with a 15 per cent loan CAGR in FY23-30E, HUDCO shows its strong presence in India's infrastructure and housing sector. Government schemes like Pradhan Mantri Awas Yojana, Smart City, and Jal Jeevan Mission, it is the beneficiary of all these. Its credit rating is AAA and the international credit rating is equal to the sovereign rating. The loan book of the company is more than Rs 85,000 crore. The fundamentals of the company are very strong.
Fri, Apr 19, 2024
Informing Sebi, HUDCO said on Thursday, "We wish to inform that Department of Public Enterprises (OPE) has, vide its letter dated 18th April, 2024, granted the Navratna Status to Housing and Urban Development Corporation Limited (HUDCO)."
Wed, Oct 18, 2023
HUDCO shares crashed 9% on Wednesday, October 18, after the government announced that it would sell up to a 7% stake in the company at a floor price of Rs 79 per share. The offer for sale (OFS) opened on Oct 18 for non-retail investors and tomorrow for retail investors. The floor price of Rs 79 per share is at a discount of 12%. Shares of HUDCO closed at Rs 89.92, up 0.36% on BSE.
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