Buy Housing And Urban Development Corporation For Target Rs. 76/81 - LKP Securities
Future Outlook
• The PSU under the Ministry of Housing & Urban Affairs has been instrumental in transforming Urban India for over 5 decades.
• With NIM's of over 3%, HUDCO trades below book value despite the 80% rise in its stock price during the past one year.
• HUDCO is strategically important for the GOI since it is the nodal agency for various housing schemes.
Technical Commentary
• A notable breakout has occurred on the weekly chart, marked by a sharp surge in trading volumes. This breakout signifies the breach of a strong resistance level, implying potential for further upward movement.
• The stock maintains a long-term bullish uptrend, characterized by consistent higher highs and higher lows, highlighting sustained positive momentum.
• Furthermore, HUDCO's trading above all long-term moving averages confirms the underlying bullish sentiment and adds to the positive outlook.
To Read Complete Report & Disclaimer Click Here
For More LKP Securities Ltd Disclaimer http://www.lkpsec.com/
Above views are of the author and not of the website kindly read disclaimer
