Shares of the PSU firm have risen 27.9% in the past four trading sessions from its previous closing low of Rs 27.55 on 24 June 2020.

The stock hit an upper circuit of 20% on Monday (29 June), following the company announcing robust Q4 numbers. HUDCO's consolidated net profit surged 86.6% to Rs 440.91 crore on 27.3% rise in total income to Rs 1900.40 crore in Q4 March 2020 over Q4 March 2019.

Consolidated profit before tax in Q4 March 2020 stood at Rs 545.30 crore, rising 33.3% from Rs 409.16 crore in Q4 March 2019. Total tax expense declined 39.6% to Rs 104.39 crore in Q4 March 2020 as against Rs 172.87 crore in Q4 March 2019. The result was announced after market hours on Friday, 26 June 2020.

HUDCO's yield on loan improved to 10.34% in Q4 March 2020 from 10.15% in Q4 March 2019. Net interest margin declined to 3.65% in Q4 March 2020 from 4.52% in Q4 March 2019. HUDCO's interest spread also declined to 2.54% in quarter ending March 2020 as compared to 3.14% reported in the same period last year.

HUDCO provides long term finance for construction of houses for residential purposes or finance or undertakes housing and urban development programs in the country.

The Government of India holds 89.8% stake in the housing financer as on 31 March 2020.

Powered by Capital Market - Live News

Avanti Feeds Ltd, Jindal Stainless Ltd, Reliance Infrastructure Ltd and Suzlon Energy Ltd are among the other gainers in the BSE's 'A' group today, 29 June 2020.

Housing & Urban Development Corporation Ltd soared 19.93% to Rs 33.4 at 11:53 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 25.14 lakh shares were traded on the counter so far as against the average daily volumes of 2.66 lakh shares in the past one month.

Avanti Feeds Ltd spiked 9.51% to Rs 516.35. The stock was the second biggest gainer in 'A' group. On the BSE, 1.33 lakh shares were traded on the counter so far as against the average daily volumes of 48255 shares in the past one month.

Jindal Stainless Ltd surged 5.35% to Rs 39.35. The stock was the third biggest gainer in 'A' group. On the BSE, 21202 shares were traded on the counter so far as against the average daily volumes of 80711 shares in the past one month.

Reliance Infrastructure Ltd gained 4.98% to Rs 36.9. The stock was the fourth biggest gainer in 'A' group. On the BSE, 3.07 lakh shares were traded on the counter so far as against the average daily volumes of 5 lakh shares in the past one month.

Suzlon Energy Ltd advanced 4.96% to Rs 4.87. The stock was the fifth biggest gainer in 'A' group. On the BSE, 68.88 lakh shares were traded on the counter so far as against the average daily volumes of 83.07 lakh shares in the past one month.

Powered by Capital Market - Live News

Consolidated profit before tax in Q4 March 2020 stood at Rs 545.30 crore, rising 33.3% from Rs 409.16 crore in Q4 March 2019. Total tax expense declined 39.6% to Rs 104.39 crore in Q4 March 2020 as against Rs 172.87 crore in Q4 March 2019. The result was announced after market hours on Friday, 26 June 2020.

HUDCO's yield on loan improved to 10.34% in Q4 March 2020 from 10.15% in Q4 March 2019. Net interest margin declined to 3.65% in Q4 March 2020 from 4.52% in Q4 March 2019. HUDCO's interest spread also declined to 2.54% in quarter ending March 2020 as compared to 3.14% reported in the same period last year.

HUDCO provides long term finance for construction of houses for residential purposes or finance or undertakes housing and urban development programs in the country.

The Government of India holds 89.8% stake in the housing financer as on 31 March 2020.

Powered by Capital Market - Live News

Housing & Urban Development Corp. announced that the Board of Directors of the Company at its meeting held on 26 June 2020, has recommended a Final dividend of Rs.2.35 per share (i.e.23.5%), subject to the approval of the shareholders.

Powered by Capital Market - Live News