HUDCO shines on signing non-binding MoU with Government of Rajasthan
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Housing & Urban Development Corporation is currently trading at Rs. 321.80, up by 8.50 points or 2.71% from its previous closing of Rs. 313.30 on the BSE.
The scrip opened at Rs. 312.80 and has touched a high and low of Rs. 325.00 and Rs. 308.15 respectively. So far 1766547 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. 60.80 on 04-Aug-2023.
Last one week high and low of the scrip stood at Rs. 329.55 and Rs. 271.15 respectively. The current market cap of the company is Rs. 64361.09 crore.
The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 14.34% and 10.66% respectively.
Housing and Urban Development Corporation (HUDCO) has signed a non-binding Memorandum of Understanding (MoU) with the Government of Rajasthan through its Department of Finance, on July 24, 2024 at Jaipur, Rajasthan. The MoU is an in-principle arrangement between the parties with the objective to provide financial assistance for housing and urban infrastructure projects in the State of Rajasthan to the extent of Rs 1,00,000.00 crore (for next 5 years), subject to mutually agreed terms and conditions.
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.
