07 Jun 2025

HUDCO Surges on Approval to Raise Up to Rate RS 750 Crore via NCDs

Housing & Urban Development Corporation (HUDCO) is currently trading at Rate RS 246.20, up by Rate RS 4.30 or 1.78% from its previous close of Rate RS 241.90 on the BSE.

The stock opened at Rate RS 242.35 and has touched an intraday high of Rate RS 248.15 and a low of Rate RS 239.25. A total of 5,97,565 shares have been traded on the counter so far.

Classified under BSE Group 'A', the stock with a face value of Rate RS 10 has touched a 52-week high of Rate RS 353.95 on 12-Jul-2024 and a 52-week low of Rate RS 158.90 on 03-Mar-2025. In the past week, the stock has seen highs and lows of Rate RS 253.80 and Rate RS 239.15 respectively. The company's current market capitalization stands at Rate RS 49,336.83 crore.

Promoter shareholding in HUDCO stands at 75.00%, with Institutions holding 12.15% and Non-Institutions 12.85%.

The recent surge in HUDCO’s stock price follows the company’s announcement that it has received approval to raise funds via debentures. Specifically, HUDCO will issue Unsecured, Taxable, Redeemable, Non-Convertible, Non-Cumulative NCDs (Series-C 2025) of face value Rate RS 1,00,000 each, aggregating up to Rate RS 750 crore on a Private Placement basis. This decision was approved by the 'Bond Allotment Committee' during its meeting held on June 6, 2025.

HUDCO plays a vital role in financing social housing and residential real estate, primarily through lending to State Governments and their agencies, who further channel the funds to or utilize them for the benefit of individual end-users.