HUDCO rises on inking pact with National Institute of Urban Affairs
Housing & Urban Development Corporation is currently trading at Rs. 229.90, up by 1.80 points or 0.79% from its previous closing of Rs. 228.10 on the BSE.
The scrip opened at Rs. 229.05 and has touched a high and low of Rs. 230.30 and Rs. 227.75 respectively. So far 49261 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 263.95 on 17-Dec-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. 244.35 and Rs. 227.30 respectively. The current market cap of the company is Rs. 45923.59 crore.
The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 12.86% and 12.14% respectively.
Housing & Urban Development Corporation (HUDCO) has signed a memorandum of understanding (MoU) with National Institute of Urban Affairs (NIUA). Through this non-binding MoU, both parties intend to collaborate for developing programmes of mutual interest on themes related to urban infrastructure & development including infrastructure investment and the company’s Urban Invest Window (UiWIN), organising capacity building programmes, seminars/conferences/workshops and conducting research, monitoring, evaluation, and impact studies. The MoU also aims to explore collaborations with multi-lateral funding agencies and other suitable financing opportunities.
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.
