HOUSING & URBAN DEVELOPMENT CORPORATION LTD(HUDCO) Q4 RESULTS PROFIT UP 87% WHY ?

HOUSING & URBAN DEVELOPMENT CORPORATION LTD(HUDCO) Q4 RESULTS PROFIT UP 87% WHY ?

HUDCO SHARE PRICE UP BY 19.89% IN TODAY’S TRADE AFTER POSITIVE Q4 RESULTS ON BSE MADE A HIGH 33.45 RS TODAY COMPARING PREVIOUS LAST WEEK CLOSING PRICE AT 27.90 ON LAST FRIDAY IN BSE.

HUDCO is a Policy establishment that gives lodging fund and non-business urban framework financing. It is managed by the National Housing Bank and is under the managerial control of the Ministry of Housing and Urban Affairs.

HUDCO detailed a 87 percent ascend in its combined net benefit to Rs 440.91 crore for the quarter finished March.

Its net benefit remained at Rs 236.29 crore in the year-prior period.

The organization’s complete pay rose to Rs 1,900.40 crore in the March 2020 quarter from Rs 1,493.35 crore a year prior, as indicated by an administrative recording.

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