HUDCO Rises 5% on Receiving INR 253 Crore in Dues

HUDCO (Housing & Urban Development Corporation) shares hiked more than 5% intraday on 16th September after this company received around INR 253 crore in final settlement of its remaining dues. The company has finally got the amount which is stuck since June 2004.

For the financial year 2019-20, the company has achieved its level of loan sanctions. The share touched its 52-week low of INR 2.70 and a 52-week high of INR 57.25 on August 23, 2019, and September 18, 2018, respectively.

At 3:58 PM, September 16, 2018, the share price was quoting INR 38.75 up INR 0.95 or 2.51%.

About HUDCO:

Housing and Urban Development Corporation Ltd (HUDCO) is the premier techno-financing sector enterprise. Headquarter in New Delhi, HUDCO is now offering housing and infrastructure related loan services to customers throughout India.

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