Housing & Urban Development Corporation Ltd

(HUDCO)

RBI Penalizes Housing Corporation for Non-Compliance - 07 Sep, 2024

The Reserve Bank of India has imposed a penalty of Rs 3.5 lakh on Housing and Urban Development Corporation Limited for failing to comply with housing finance regulations, including risk categorization and periodic review processes.

RBI Penalizes Housing & Urban Development Corporation - 06 Sep, 2024

The Reserve Bank of India has imposed a penalty of Rs 3.5 lakh on Housing and Urban Development Corporation Ltd for non-compliance with housing finance regulations.

HUDCO Announces Dividend Record Date and AGM - 02 Sep, 2024

HUDCO has set September 13, 2024, as the record date for a final dividend of Rs 2.65 per share, with an AGM scheduled for September 25, 2024. The stock has seen significant gains, rising 118% YTD.

HUDCO Declares Dividend Amid Strong Stock Performance - 01 Sep, 2024

HUDCO announces a final dividend of Rs 2.65 per share for FY2024, subject to shareholder approval. The stock has surged 118% in 2024, with impressive returns of 267% and 558% over one and three years, respectively.

HUDCO Declares Dividend Amid Stock Fluctuations - 31 Aug, 2024

HUDCO shares fell 3.82% to Rs 281.65 on August 30, 2024, despite a year-to-date return of 118%. The company announced a final dividend of Rs 2.65 per share, with a record date set for September 13, 2024. Institutional and foreign investor holdings have increased, reflecting positive sentiment despite recent stock volatility.

HUDCO Gains IFC Status, Shares Rise - 30 Aug, 2024

HUDCO Ltd. announced it received Infrastructure Finance Non-Banking Finance Company status from RBI, allowing higher financing exposure. Shares increased by 1.7% to Rs 294.

HUDCO Gains RBI Certification as NBFC-IFC - 29 Aug, 2024

HUDCO has received certification from the RBI as a Non-Banking Financial Company - Infrastructure Finance Company, allowing increased financing capabilities. Shares rose 1.67% to Rs 294.8, reflecting positive market sentiment.

HUDCO Reports Strong Financial Growth for June 2024 - 23 Aug, 2024

HUDCO's consolidated net sales for June 2024 reached Rs 2,188.35 crore, up 18.76% YoY. Net profit rose 25.15% to Rs 557.75 crore, with EBITDA increasing by 20.04%. EPS improved to Rs 2.79. The stock has delivered impressive returns of 46.01% over the last 6 months and 285.22% over the last 12 months.

HUDCO Partners with YEIDA for Infrastructure Funding - 22 Aug, 2024

Housing and Urban Development Corporation (HUDCO) signed a MoU with the Yamuna Expressway Industrial Development Authority (YEIDA) to provide long-term financial assistance for infrastructure projects, boosting investor confidence and leading to a stock price increase.

HUDCO Signs MoU with YEIDA for Financial Assistance - 21 Aug, 2024

HUDCO has signed a Memorandum of Understanding with YEIDA to provide long-term financial assistance and consultancy services for projects along the Yamuna Expressway. The partnership aims to enhance project management and consultancy from concept to completion. HUDCO shares closed at ₹285.05, up 0.37%.

HUDCO Targets Significant Lending Growth by 2030 - 14 Aug, 2024

HUDCO plans to boost its lending by 200% to Rs 3 trillion by 2030, driven by demand for affordable housing and infrastructure. The company is exploring public-private partnerships and international consultancy opportunities to achieve this goal.

HUDCO Reports Strong Q1 Growth and Profit Surge - 13 Aug, 2024

HUDCO's Q1 results reveal a 25% increase in net profit to ₹558 crore and a 30% growth in its loan book. The company aims for a ₹3 trillion loan book by 2030, focusing on affordable housing and infrastructure financing.