HUDCO Share Price HUDCO short for the Housing and Urban Development Corporation Limited, is an Indian government-owned entity specializing in housing finance and infrastructure project finance. Established on 25 April 1970, HUDCO initially operated as a private limited company wholly owned by the Government of India with a Rs.2 crore equity base under the Companies Act, 1956. The organization was recognized with the UN-Habitat Scroll of Honour Award for its contributions to housing development in 1991 and achieved mini-ratna status in 2004. Presently, HUDCO stands as the leading techno-financing public sector enterprise in the housing and infrastructure development sector in India, boasting an approved capital of Rs. 2,500 crore and a paid-up equity of Rs. 2,001.90 crore. Analysts anticipate a positive trajectory for HUDCO’s share price in the future, suggesting potential benefits for investors. This article delves into the HUDCO Share Price Prediction for 2025 and beyond.
HUDCO latest News
·The company reported a Profit After Tax (PAT) of Rs. 254.32 crore in the third quarter of the previous fiscal year, as per a regulatory filing. The Housing and Urban Development Corporation (HUDCO) provides financial aid for housing and urban infrastructure projects. HUDCO signed a Memorandum of Understanding with the State Government of Gujarat to invest up to Rs 14,500 crore in financing housing and urban infrastructure projects in Gujarat. Retail investors have the opportunity to bid for HUDCO shares with a target price for February 2024. With each share priced at Rs 79, a 7% share sale in HUDCO could generate around Rs 1,000 crore for the company.