HUDCO gains on inking MoU with Mumbai Metropolitan Region Development Authority
Housing & Urban Development Corporation is currently trading at Rs. 207.80, up by 0.75 points or 0.36% from its previous closing of Rs. 207.05 on the BSE.
The scrip opened at Rs. 207.05 and has touched a high and low of Rs. 208.45 and Rs. 201.50 respectively. So far 456390 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 353.95 on 12-Jul-2024 and a 52 week low of Rs. 158.90 on 03-Mar-2025.
Last one week high and low of the scrip stood at Rs. 210.75 and Rs. 183.40 respectively. The current market cap of the company is Rs. 41239.14 crore.
The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 11.83% and 13.17% respectively.
Housing and Urban Development Corporation Limited (HUDCO) has signed a Memorandum of Understanding (MoU) with Mumbai Metropolitan Region Development Authority (MMRDA), Maharashtra, on April 8, 2025 at Mumbai.
The MoU has been entered to establish a framework for cooperation between HUDCO and MMRDA wherein HUDCO shall explore and provide funds up to Rs 1,50,000 crore over a period of five years for development of infrastructure projects to be implemented by MMRDA in Mumbai Metropolitan Region. Further, HUDCO will also extend Consultancy services and Capacity Building activities to meet the emerging requirements of MMRDA.
HUDCO finances social housing and residential real estate through primarily lending to State Governments and their agencies, which, in turn, extend the finance to or utilise the finance for the ultimate individual beneficiaries.
