HUDCO rises on inking MoU with State Government of Gujarat
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Housing & Urban Development Corporation is currently trading at Rs. 134.32, up by 20.24 points or 17.74% from its previous closing of Rs. 114.08 on the BSE.
The scrip opened at Rs. 116.00 and has touched a high and low of Rs. 135.56 and Rs. 115.60 respectively. So far 13888922 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 135.56 on 28-Dec-2023 and a 52 week low of Rs. 40.50 on 29-Mar-2023.
Last one week high and low of the scrip stood at Rs. 135.56 and Rs. 103.28 respectively. The current market cap of the company is Rs. 26683.33 crore.
The promoters holding in the company stood at 81.81%, while Institutions and Non-Institutions held 7.80% and 10.40% respectively.
Housing & Urban Development Corporation (HUDCO) has executed a Memorandum of Understanding (MoU) with the State Government of Gujarat for an investment up to Rs 14,500 crore for financing the Housing and Urban Infrastructure projects in the State of Gujarat.
The State Government of Gujarat intends for overall development of the State of Gujarat by implementing various housing and infrastructure projects in the State of Gujarat. HUDCO being a techno-financial institution, in the business of providing financial assistance for housing and urban development projects in the country, thus catering to the various requirements of all sectors thereof, playing a vital role in strengthening the social and economic fundamentals of India thereby playing a pivotal role in building assets for the Nation
