HUDCO (Housing and Urban Development Corporation Limited) – Fundamental and Technical View:

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.)

Webside: www.hudco.com

Sector: Housing-Finance

Fundamental View:

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	(1,829.1)	(1,630.6)	(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 View:

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.