Housing & Urban Development Corporation Ltd share Price

Housing and Urban Development Corporation Ltd is in the Finance sector with a Market Capitalization of worth Rs. 8,377.95 crores, it is incorporated in the year 1970. It has reported consolidated sales of Rs. 1773.91 crores in June’2021. The company is listed in the Bombay Stock Exchange (BSE) with the code 540530 and additionally listed in the National Stock Exchange (NSE) with the code HUDCO.

Housing and Urban Development Corporation Ltd is additionally referred to as HUDCO Ltd and it is owned by the government and comes under the jurisdiction of the Ministry of Housing and Urban Affairs, Government of India. HUDCO Ltd was initially formed as a private company under the ownership of the Government of India to resolve the difficulty of housing deficits by providing housing finance and focusing on infrastructure development in urban areas. The Government of India awarded the corporation the Miniratna status in 2004.HUDCO Ltd also provided funding at lower rates for social infrastructure projects such as primary schools, hostels for women, healthcare centres, police stations, courts, etc. The promoters of the company own 89.81% of the stake in the company, Foreign Institutional Investors (FII) own 0.13%, Domestic Institutional Investors (DII) own 2.15% of the stake, and others (such as public & retail investors) hold the balance of 7.91%.

In June 2021, quarterly net revenue was Rs. 1,790.31 crores, which has increased marginally by approximately 0.92% from Rs. 1,773.91 crores for the April-June 2020 quarter. The quarterly net profit in June 2021 was Rs. 404.62 crores, which has also increased by nearly 98.90% from a net profit of Rs. 203.43 crores in June 2020. In June 2021, the reported operating profit was at Rs. 1,759.94 crores, which is reduced marginally by 0.46% as compared to an operating profit of Rs. 1,768.07 crores for the quarter ending in June 2020. From Rs. 1.02 in June 2020, the EPS of H U D C O has nearly doubled and risen to Rs. 2.02 per share in June 2021. HUDCO’s stock closed at Rs. 41.85 on 18th August’2021 (NSE) and has returned -5.74% in the last six months and 17.39% in the previous year.