Hudco stock up 40% in 3 days

Significant interest at a reasonable premium is said to have lifted the share

Government-owned Housing and Urban Development Corporation’s (Hudco’s) stock has gained a little over 40 per cent in the past three days. Even after Tuesday’s 12 per cent rally, the stock continued to be in demand, with a gain of 8.5 per cent on Wednesday.

Turnover in the counter has also been unusually high in these three days, with Thursday’s crossing Rs 150 crore, from data on the BSE.

Sources indicate one of India’s well-known high net worth individuals (HNIs) is mopping stake in Hudco, explaining the unusual trading volumes and price surge. “With affordable housing being the new theme, particularly