HUDCO shares to gain focus, signs MoU with Delhi Development Authority for consultancy services

Housing and Urban Development Corporation Limited (HUDCO) has signed a Memorandum of Understanding (MoU) with the Delhi Development Authority, a statutory body established under the Delhi Development Act, 1957, on 10th December 2024 in New Delhi, the company made an exchange filing.

 As per the MoU, HUDCO shall organize Capacity Building Programmes for officials of DDA and extend its Consultancy service for the projects being implemented by DDA in the areas like Residential projects including Affordable Housing Projects; Commercial Projects; Institutional Projects; Residential cum Commercial Projects; Commercial cum Institutional Projects; and any other projects related to Housing, Urban Development and Infrastructure Sector.

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The MoU was signed by Shri M Nagaraj, Director (Corporate Planning), HUDCO, and Shri Vineet Jain, Commissioner (Personnel & Training), DDA in the presence of other senior officials from both organizations.

HUDCO, a large-cap company in the finance-housing industry, has shown a positive trend in the stock market, gaining 3.13% on December 10, 2024. It has outperformed its sector by 1.69% and is currently trading higher than its moving averages. This reflects its stable position and makes it a promising investment option.

The stock reached an intraday high of Rs 254.55, showing a 2.83% increase. 
 

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