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HUDCO jumps on reporting 2-fold jump in Q1 net profit

06 Sep 2018 Evaluate

Housing & Urban Development Corporation is currently trading at Rs. 60.25, up by 4.60 points or 8.27% from its previous closing of Rs. 55.65 on the BSE.

The scrip opened at Rs. 61.60 and has touched a high and low of Rs. 63.80 and Rs. 59.75 respectively. So far 901094 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 92.60 on 21-Sep-2017 and a 52 week low of Rs. 51.15 on 20-Jul-2018.

Last one week high and low of the scrip stood at Rs. 63.80 and Rs. 55.10 respectively. The current market cap of the company is Rs. 12051.44 crore.

The promoters holding in the company stood at 89.81%, while Institutions and Non-Institutions held 3.17% and 7.02% respectively.

Housing and Urban Development Corporation (HUDCO) has reported 2-fold jump in its net profit at Rs 333.38 crore for the quarter ended June 30, 2018 under review as compared to Rs 162.38 crore for the same quarter in the previous year. Total income of the company increased by 73.42% at Rs 1,614.09 crore for Q1FY19 as compared Rs 930.73 crore for the corresponding quarter previous year.

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.

Housing & Urban Dev. Share Price

197.00 3.35 (1.73%)
17-Apr-2026 16:59 View Price Chart
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