Housing and Urban Development Corporation (HUDCO) is currently trading at RS 186.70, marking an increase of 6.00 points or 3.32% from its previous close of RS 180.70 on the BSE.

The stock opened at RS 181.65 and touched a high of RS 188.15 and a low of RS 181.60 during the session. So far, 5,87,495 shares have been traded on the counter.

HUDCO, a BSE group 'A' stock with a face value of RS 10, hit a 52-week high of RS 353.95 on July 12, 2024, and a 52-week low of RS 152.65 on March 14, 2024. Over the last week, the stock's high and low were RS 188.15 and RS 175.10, respectively. The company's current market capitalization stands at RS 37,405.50 crore.

Promoters hold 75.00% stake in the company, while institutional and non-institutional investors own 11.83% and 13.17%, respectively.

In a significant development, HUDCO has signed an RS 11,000 crore loan agreement with Andhra Pradesh’s Capital Region Development Authority for the construction of Amaravati, the state’s greenfield capital city. This loan was approved in a board meeting held in Mumbai on January 22.

HUDCO primarily finances social housing and residential real estate, lending to state governments and their agencies, which then allocate the funds to ultimate beneficiaries.