HUDCO receives Excellent rating in MoU performance in FY24
The rating is awarded by the Department of Public Enterprises (DPE), Ministry of Finance for the operational and financial performance of the Company as per prescribed guidelines in this regard, as per the filing.
HUDCO receives Excellent rating in MoU performance in FY24
State-owned Housing and Urban Development Corporation Limited has achieved an ‘Excellent’ rating by securing 96 marks out of 100 for the Memorandum of Understanding (MoU) signed with the Ministry of Housing and Urban Affairs (MoHUA), Government of India for the Financial Year 2023-24.
The rating is awarded by the Department of Public Enterprises (DPE), Ministry of Finance for the operational and financial performance of the Company as per prescribed guidelines in this regard, according to the exchange filing made.
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Housing & Urban Development Corporation stock fell over 5% on January 10, 2025, marking a total decline of around 4% over two consecutive days. The stock reached an intraday low of Rs 231.1 and has underperformed its sector. It is above the 50-day moving average but below other key averages. The market capitalization is standing at Rs 42.88K crore and dividend yield is at 1.93%.
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