HUDCO (Housing and Urban Development Corporation Limited) – Fundamental and Technical View
By Usha Kale
November 18, 2024
Company Overview:
This government-owned enterprise provides funds for housing, urban infrastructure, and related services. The Government Granted PSU Navratna Status on 18 April 2024. Business: Financing housing, urban infrastructure, and associated services
- Founder: Hudco is fully owned by the Govt(100%), it’s a PSU.
- Founded: In 1970
- Market Cap: Large Cap with Mkt Cap Rs. 40768(Cr.)
- Website: www.hudco.com
- Sector: Housing-Finance
Fundamental Analysis:
- Strong Government Backing: 100% government ownership provides stability and credibility.
- Diversified Loan Portfolio: Mix of housing, urban infrastructure, and social housing loans reduces risk.
- Consistent Profitability: HUDCO has maintained profitability over the years.
- Adequate Capitalization: Capital Adequacy Ratio (CAR) of 23.47% exceeds Basel III requirements.
- Experienced Management: Seasoned leadership with expertise in housing finance and urban development.
Following is the Financial data for your reference
| Quarterly Results of Housing & Urban Development Corporation (in Rs. Cr.) | Sep ’24 | Jun ’24 | Mar ’24 | Dec ’23 | Sep ’23 |
|---|---|---|---|---|---|
| Net Sales/Income from operations | 2,517.72 | 2,188.35 | 2,065.22 | 2,012.66 | 1,864.80 |
| Other Operating Income | — | — | — | — | — |
| Total Income From Operations | 2,517.72 | 2,188.35 | 2,065.22 | 2,012.66 | 1,864.80 |
| Expenses | (1,829.10) | (1,630.60) | (1,365.06) | (1,493.47) | (1,413.11) |
| Net Profit/(Loss) For the Period | 688.62 | 557.75 | 700.16 | 519.19 | 451.69 |
| Equity Share Capital | 2,001.90 | 2,001.90 | 2,001.90 | 2,001.90 | 2,001.90 |
Technical Analysis:
A positive trend is a bullish upward movement on the chart. Price accumulation is found on the chart. The buying price is @ 200, and the stop-loss is at the rate of 190 on a closing basis. The first target would be @ 235 and the second target would be @ 260, this chart expects positive movement for the medium-term and long-term. As per Elliott wave, it is in 2nd wave.
Disclaimer: Only for educational purposes no recommendation, before taking the entry please take advice of your financial advisor.
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