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Housing & Urban Development Corporation Ltd News

HUDCO raises $200 mn from overseas lenders for its foray into loan market

Housing and Urban Development Corporation (HUDCO) has raised USD 200 million (JPY 30 billion) in its maiden foray into the syndicated loan market, its arranger said on Tuesday. The state-run body has raised the five-year money as part of its inaugural "social loan", Japan's Sumitomo Mitsui Banking Corporation (SMBC) said. The deal, led by SMBC's Singapore branch, saw an oversubscription with a total of nine lenders, and was upsized from its original launch size of JPY 15 billion to JPY 30 billion after exercising the greenshoe option, an official statement said. The inaugural social loan will enable further expansion of HUDCO's social housing platform to improve the quality of life for the Indian community and enhance infrastructure facilities in urban areas, the statement said. SMBC acted as the sole mandated lead arranger, book runner and social loan coordinator. "We look forward to expanding our reach to the underserved communities and strengthening the local community's access

HUDCO raises $200 mn from overseas lenders for its foray into loan market
Updated On : 18 Jun 2024 | 1:13 PM IST

Aavas, HUDCO: Shares of housing finance firms zoom up to 11%; here's why

Affordable Housing remains a focused segment with high operational intensity and companies with mono-product focus can deliver better outcomes in the long run.

Aavas, HUDCO: Shares of housing finance firms zoom up to 11%; here's why
Updated On : 11 Jun 2024 | 12:31 PM IST

BEML, Exide, Prestige: 5 mid-, small-cap stocks with over 15% downside risk

BEML, Exide Industries, HUDCO, Godrej Properties and Prestige Estates could fall up to 19 per cent from present levels, technical charts suggest.

BEML, Exide, Prestige: 5 mid-, small-cap stocks with over 15% downside risk
Updated On : 05 Jun 2024 | 10:05 AM IST

HUDCO Q4 results: PAT rises 9% to Rs 700 cr, total income at Rs 2,194 cr

State-owned HUDCO on Friday reported 9.54 per cent rise in consolidated net profit to Rs 700.16 crore for the quarter ended March 2024. Its net profit stood at Rs 639.14 crore in the year-ago period. Total income rose to Rs 2,194.04 crore in March 2024 quarter from Rs 1,862.41 crore a year ago, according to a regulatory filing. Net profit rose to Rs 2,116.69 crore in 2023-24 financial year from Rs 1,701.43 crore in 2022-23. Total income went up to Rs 7,948.10 crore from Rs 7,086.18 crore. The company's board also recommended a final dividend of Rs 2.65 per equity share of face value of Rs 10 each for 2023-24, subject to approval of shareholders in the ensuing Annual General Meeting (AGM). HUDCO is a policy institution that provides housing finance and non-commercial urban infrastructure financing. It is regulated by the National Housing Bank and is under the administrative control of Ministry of Housing and Urban Affairs.

HUDCO Q4 results: PAT rises 9% to Rs 700 cr, total income at Rs 2,194 cr
Updated On : 24 May 2024 | 5:09 PM IST

CPSE stocks on a roll; RVNL, Hudco, SJVN, Cochin Shipyard surge up to 15%

CPSE stocks: At 02:08 PM, the CPSE index, the top gainer among broader indices, was up 2.5 per cent

CPSE stocks on a roll; RVNL, Hudco, SJVN, Cochin Shipyard surge up to 15%
Updated On : 21 May 2024 | 2:48 PM IST

HUDCO stock hits record high; zooms 15% on heavy volumes

HUDCO stock price update: HUDCO zoomed 15% on hopes of strong earnings growth going ahead. The stock has rallied 43% from its recent low.

HUDCO stock hits record high; zooms 15% on heavy volumes
Updated On : 26 Apr 2024 | 12:57 PM IST

110 stocks from BSE 500 index more-than-doubled in FY24

The BSE 500 index zoomed 39 per, while Sensex was up 25 per cent in FY24. IRFC was the top gainer, up 439% followed by Suzlon and HUDCO.

110 stocks from BSE 500 index more-than-doubled in FY24
Updated On : 28 Mar 2024 | 2:53 PM IST

Bear Hammering: Paytm, Adani Power among 1,010 stocks at lower circuit

As many as 1,010 stocks were locked at their respective lower circuit on the BSE in late noon deals on Wednesday amid the broader market sell-off.

Bear Hammering: Paytm, Adani Power among 1,010 stocks at lower circuit
Updated On : 13 Mar 2024 | 2:55 PM IST

CPSE index plunges 6%; Rites, IRFC, RVNL, Hudco, MTNL, IRCON tank up to 12%

Despite today's decline, in the past six months, the CPSE index has outperformed the market by surging 47 per cent, as compared to 8 per cent rise in the BSE Sensex

CPSE index plunges 6%; Rites, IRFC, RVNL, Hudco, MTNL, IRCON tank up to 12%
Updated On : 13 Mar 2024 | 12:55 PM IST

Are the Nifty PSU indices staring at up to 15% fall from current levels?

This particular technical indicator on the weekly charts suggests that the Nifty PSE, CPSE and PSU Bank indices could consolidate or dip in the near-term

Are the Nifty PSU indices staring at up to 15% fall from current levels?
Updated On : 11 Mar 2024 | 4:08 PM IST

SJVN, ITDC, HUDCO, NBCC, MMTC and 513 other stocks freeze at lower circuits

Dhunseri Ventures, WPIL, Jai Corp, Jai Balaji, Waaree Renewable, Apollo Micro, Newgen Software, KPI Green, TRIL and Suzlon Energy were non-CPSEs which were locked in their 5 per cent down circuits

SJVN, ITDC, HUDCO, NBCC, MMTC and 513 other stocks freeze at lower circuits
Updated On : 12 Feb 2024 | 2:14 PM IST

This state-owned housing finance stock has zoomed 305% in past 1 year

Shares of HUDCO rallied 10 per cent to hit a new high of Rs 189.65 in Thursday's intra-day trades on the back of near two-fold jump in average trading volumes.

This state-owned housing finance stock has zoomed 305% in past 1 year
Updated On : 01 Feb 2024 | 1:08 PM IST

HUDCO rallies 14% on heavy volumes; zooms over 100% since November

Since November, the stock of the state-owned financial institution has zoomed 109 per cent

HUDCO rallies 14% on heavy volumes; zooms over 100% since November
Updated On : 19 Jan 2024 | 10:42 AM IST