HUDCO shares on high-trail; Rs 1.05 interim div, Check Price Target and Details
Shares of state-run Housing and Urban Development Corporation, a PSU focused on housing and infrastructure, surged 2.85% over the past five days, gaining attention following recent corporate announcements on the stock exchange.
New Delhi: State-run Housing Infrastructure PSU Firm, Housing and Urban Development Corporation shares are witnessing a consecutive surge of 2.85% from the last five days. The stock has been in the spotlight for a couple of weeks amid several corporate announcements on the stock exchange.
Recent Activities:
The PSU Company has recently signed a Memorandum of Understanding (MoU) with MMRDA, Maharashtra to provide Rs 1.5 trillion for five years to develop infrastructure projects.
The PSU Board has also declared the borrowing programme of up to Rs 65,000 crore for the financial year 2025-2026, depending upon actual fund requirements. Further, it also approved an increase in the overall borrowing limit to Rs 2.5 trillion from the existing limit of Rs 1.5 trillion.
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Dividend History:
HUDCO has announced a total number of 16 dividends till date. The Board has announced a interim dividend of Rs 1.05 per share on 13 March, 2025. The annual dividend is at Rs 5.75 and while the dividend yield is at 2.70%.
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The stock has been corrected upto 18.82% over the past one month. The stock was opened today at Rs 207.01 and currently trading at Rs 212.55. The 52-week high is at Rs 353.70 and the 52-week low is at Rs 158.85. The market capitalization of the company is at Rs 42.58K crore.
As per the Analyst ratings it suggests a "Strong Buy" with 2 analysts recommending it, and some analysts have target prices between Rs 77 and Rs 314.
Bajaj Broking shares a Target price of Rs 314, suggesting a breakout above a falling channel and a fresh entry opportunity. Motilal Oswal Financial Services gives analysis of Target price of Rs 77.
HUDCO is a government-owned enterprise providing long-term finance for housing and urban infrastructure projects and is strategically transitioning from a housing finance model to focus on infrastructure financing, aligning with government initiatives. HUDCO has been granted Navratna Status by the government in April 2024. The company reported record disbursements of Rs 31,760 crore in 9M FY25.
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