The federal government firm Housing and City Improvement Company (HUDCO) will elevate funds of as much as Rs 65,000 crore throughout FY 2025-26. This proposal was accredited by the corporate’s board at a gathering of April 4. Together with this, total overalls of Rs 1,50,000 crore have been elevated by shareholders to Rs 2,50,000 crore. The approval of shareholders is but to be taken on this. Hudco has knowledgeable the inventory markets about this. Regardless of the approval of the proposal to boost the fund, the corporate’s inventory closed at Rs 203.75 on April 4, with a decline of practically 3 p.c. The corporate’s market cap is Rs 40700 crore. The inventory has climbed 20 p.c in a month. On the identical time, 354 p.c has been strengthened in 2 years. The federal government had a 75 p.c stake in Hudco by the tip of December 2024. The share of 52 -week excessive of the inventory on BSE was Rs 353.95, which was created on 12 July 2024. The 52 -week low of Rs 158.90 was seen on 3 March 2025. The face worth of the inventory is Rs 10. Revenue within the September quarter of Rs 735 crore Firm was Rs 2,760.23 crore on the standalone foundation within the October-December 2024 quarter. Pure earnings have been Rs 735 crore and earnings was Rs 3.67 crore per share. Within the monetary yr 2024, the corporate’s income was Rs 7,086.18 crore, web revenue of Rs 1,701.62 crore and Earnings per share at Rs 8.50 crore.
