Page 4 - Hudco

Sensex drops 274 pts, Nifty ends below 15,750; DRL sinks 10%, Axis Bank 3%

In the broader markets, mid-cap stocks faced a severe blow with the BSE MidCap index erasing 0.67 per cent.

Stocks to watch: Tata Motors, L&T, IndiGo, Just Dial, HUDCO, Axis Bank, DRL

Larsen & Toubro (L&T) reported a consolidated net profit at Rs 1,174 crore in the June quarter, up nearly four times from the same period last year on the back of increased revenues

Govt to sell 8% stake in Hudco via offer for sale; may get Rs 720 crore

Sale would reduce govt's holding in the firm to 81.81% if it exercises greenshoe option, and offloads entire 8% in the PSU

Hudco net profit declines 37% to Rs 457 crore in September quarter

Housing and Urban Development Corporation Ltd (HUDCO) on Thursday reported a 37 per cent fall in its consolidated net profit at Rs 457.25 crore for the quarter ended September.

UP govt to tap private lenders for Rs 36,000 crore Ganga Expressway project

The 628 km project is branded as world's longest access controlled road

Sensex dips 474 pts from day's high, ends at 38,757; BSE SmallCap jumps 4%

All that happened in the markets today

UP to raise Rs 2,900 crore from Hudco for 628-km Ganga Expressway

The mega infra project is estimated to cost Rs 36,000 cr; loan to be used for land acquisition

Fitch revises HUDCO's outlook to negative from stable; IDRs at 'BBB-'

Fitch said it has not assigned HUDCO a standalone credit profile as it is difficult to detach the entity from the government framework in which it operates

80% of financial sector IPOs since four years trade below issue price

The fall, analysts say, has been on concerns that the financial industry has will be the worst hit among sectors, given the disruptions to the country's economic activity caused by Covid-19 outbreak.

Hudco slides 9% as two borrowing entities default on repayment dues

Last month Moody's Investor Service had downgraded the company's outlook to 'negative' along with 5 other financial companies including State bank of India, HDFC Bank, and Export-Import Bank of India

Moody's lowers outlook for SBI, HDFC Bank, 4 other financial institutions

The outlook was revised down for EXIM India, HDFC Bank, Hero FinCorp, HUDCO, IRFC, and SBI

McDonald's row: NCLAT gives Bakshi last chance to settle dispute with Hudco

The appellate tribunal was hearing an intervention plea by HUDCO, claiming dues of Rs 195 crore from Bakshi

Hudco wants Rs 190 cr bite out of McDonald's-Bakshi deal, moves NCLAT

NCLAT agrees to hear Hudco plea on Wednesday; dues related to Bakshi-owned Ascot Hotels & Resorts

Moody's assigns Baa2 rating to Hudco; keeps outlook stable due to low risk

Moody's said around 95% of its outstanding loans and 99% of fresh disbursements over last three years, have been to state government-owned entities

HUDCO hits lowest level since listing

The stock of state-owned housing finance company was quoting lower for the ninth straight trading days, falling 7% during the period.

Hudco stock up 40% in 3 days

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 for HNIs, investors are willing to acquire Hudco's shares at even a substantial premium," says a broker with knowledge of the deal.He adds that with the government holding about 89 per cent, free float of the stock is limited and adding to its premium. Even after the rise in these three days, its market capitalisation is only Rs 1,995 crore, the free float being a mere Rs 220 crore. ...

Hudco stock up 32% in three days; here's why

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

Hudco's Rs 1,200-cr IPO to open May 8

Housing and urban infra projects lender plans to sell 204 mn shares in range of Rs 56-60 a share

Hudco files draft papers with Sebi for IPO

Central govt to sell 200 mn shares via OFS; 5% off on issue price for retail investors, Hudco staff

9 merchant bankers in fray to manage HUDCO stake sale

As many as nine merchant bankers, including Citibank and Nomura Financial, have queued up to manage the 10 per cent stake sale of Housing and Urban Development Corporation (HUDCO).