A tremendous rise can be seen in the shares of Navratna company Housing and Urban Development Corporation Limited (HUDCO). Brokerage firm Elara Securities has advised to buy shares of HUDCO. The brokerage house has initiated coverage of HUDCO with a buy rating. Elara Securities has given a target price of Rs 297 for HUDCO shares. HUDCO shares may rise by about 40% from the closing price of Friday, May 24. Elara Securities believes that India’s infrastructure and housing story will provide huge benefits to the company.
Shares rose by 363% in 1 year
Shares of Housing and Urban Development Corporation Limited (HUDCO) have seen a strong rise in the last one year. HUDCO shares have risen 363% in the last one year. HUDCO shares were at Rs 55.74 on May 26, 2023. The company’s shares closed at Rs 258.50 on May 24, 2024. HUDCO shares have risen by more than 100% so far this year. The company’s shares have doubled investors’ money in the first 5 months of this year. The 52-week high level of HUDCO shares is Rs 277.95. At the same time, the 52-week low level of the company’s shares is Rs 54.40.
This company is going to give bonus shares after years, expert said – shares will be sold at ₹ 1200
680% rise in shares in 2 years
The shares of Housing and Urban Development Corporation Limited (HUDCO) have seen a rise of 680% in the last 2 years. Shares of the company were at Rs 33.15 on May 27, 2022. HUDCO shares closed at Rs 258.50 on May 24, 2024. HUDCO shares have jumped 217% in the last 6 months. The company’s shares were at Rs 81.57 on November 28, 2023. Shares of Navratna company have reached Rs 258.50 on 24 May 2024.
This share of Rs 87 crossed Rs 1200 in less than 3 months, a stormy rise of 1300%
The company made a profit of Rs 700 crore
Government company HUDCO has made a profit of Rs 700.16 crore in the quarter ending March 2024. The company’s quarterly profit has increased by 9.54 percent. HUDCO had made a profit of Rs 639.14 crore in the same period a year ago. HUDCO’s total income in the March 2024 quarter stood at Rs 2194.04 crore, which was Rs 1862.41 crore in the same period a year ago.
