Housing & Urban Development Corporation (HUDCO) is trading at Rs. 298.10, marking an increase of 8.00 points or 2.76% from its previous close of Rs. 290.10 on the BSE.

The stock opened at Rs. 297.05, reaching a high of Rs. 304.25 and a low of Rs. 294.95 during the session. A total of 412,032 shares have been traded so far.

As a BSE group 'A' stock with a face value of Rs. 10, HUDCO hit a 52-week high of Rs. 353.95 on 12-Jul-2024 and a 52-week low of Rs. 61.35 on 07-Aug-2023.

The stock's high and low over the past week were Rs. 317.45 and Rs. 286.20, respectively. The company's current market capitalization stands at Rs. 59,626.59 crore.

Promoters hold 75.00% of the company's shares, while institutions and non-institutions hold 14.34% and 10.66%, respectively.

HUDCO has recently entered into a non-binding Memorandum of Understanding (MoU) with RITES, a Navratna CPSE. This collaboration aims to undertake a range of consultancy and fee-based projects from concept to commissioning in identified sectors. HUDCO will provide Project Management Consultancy Services and term-lending for infrastructure projects handled by RITES. Conversely, RITES will offer consultancy expertise for projects financed by HUDCO or where HUDCO provides consultancy support.

HUDCO primarily finances social housing and residential real estate by lending to State Governments and their agencies, who then use these funds to benefit individual end-users.