Page 5 - Hudco

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).

Govt invites merchant bankers for Hudco stake sale

Govt mulls to divest 10% paid-up equity capital of Hudco

Government to sell 10% shares in state-run HUDCO

Shares will be sold through an IPO, govt wants to raise Rs 56,500 crores from the stake sale

HUDCO raises Rs 1,788 cr via tax free bonds

Funds raised through the issue will be used primarily for financing housing projects