HUDCO News

Corporate disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015

Bajaj Housing Finance made a remarkable debut on the stock market, listing at ₹150, a 115% increase from its IPO price of ₹70. The stock closed at ₹165, making it the most valuable in its segment with a market cap of ₹1.37 lakh crore. Analysts predict further gains in the near term.

One-on-one/group meetings with Institutional Investors scheduled to be held on 19th and 20th September, 2024

Disclosure under Regulation 30 of SEBI (LODR) Regulations regarding order issued by RBI under Section 52A of NHB Act, 1987

Newspaper Publication in respect of completion of dispatch of Notice of 54th AGM and Annual Report for the FY 2023-24.

Business Responsibility and Sustainability Reporting for the FY 2023-24

Notice of 54th Annual General Meeting and Annual Report for FY 2023-24

Annual Report for the Financial Year 2023-24

Intimation of 54th Annual General Meeting - Newspaper Publication

Record Date for payment of Final Dividend for the FY 2023-24 has been fixed as 13th September, 2024

Intimation of calendar of events of 54th Annual General Meeting of Housing and Urban Development Corporation Limited.

"MSCI's August 2024 review changes for its standard and small-cap indices will be implemented on Friday, likely leading to $5.5 billion in net inflows," said Sriram Velayudhan, head of alternative research at IIFL. "This includes adjustments to country weightings, with India expected to gain substantially post-rebalancing."

Corporate Disclosure under Regulation 30 of the SEBI (LODR), Regulation, 2015 - Receipt of Certificate of Registration as Non-Banking Financial Company - Infrastructure Finance Company ("NBFC - IFC").

Announcement under Regulation 30 of SEBI(LODR) Regulations, 2015 in respect of Credit Rating.

Housing and Urban Development Corporation has signed a Memorandum of Understanding with Yamuna Expressway Industrial Development Authority on 21st August, 2024.

After a robust performance, 30 PSU stocks have entered the bear market, prompting mutual funds and FIIs to reduce stakes. Despite strong government reforms bolstering these stocks, experts indicate current valuations are high and a correction period may be necessary. PSUs with high capital efficiency may continue to attract investors.

The decline in smallcaps has been widespread across various sectors. However, the pharmaceutical sector, typically seen as a defensive haven during market downturns, has bucked the trend with many stocks performing well. Among the hardest hit in the 100-stock index is Birlasoft, experiencing a 23% drop. State-run shipping companies, Ircon International and Cochin Shipyard, have also suffered significant losses of 22% and 20%, respectively.

Newspaper Publication - Financial Results for the quarter ended 30.06.2024.

Corporate Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015 - Appointment of Shri Daljeet Singh Khatri (DIN: 06630234) as Director (Finance), HUDCO.

India saw an influx of up to $3 billion in August due to MSCI's adjustments to its indices. HDFC Bank's weight was increased, and restrictions on Adani Group stocks were lifted. Seven cos joined the global standard index, boosting India's weight in the emerging markets index to 20%.

Jindal Stainless on Monday said it will manufacture customised stainless steel and speciality low-alloy steel sheets for defence projects of BrahMos Aerospace.

Investor Presentation for the quarter ended 30.06.2024

Submission of Unaudited Financial Results for quarter ended 30.06.2024

Corporate Disclosure Requirement under Regulation 30 of SEBI (LODR), Regulations, 2015- Appointment of Shri Daljeet Singh Khatri as Director (Finance), HUDCO

Corporate Disclosure Requirement under Regulation 30 of SEBI (LODR), Regulations, 2015-Amendment in object Clause of the Memorandum of Association.

"Going forward, we expect markets to consolidate at higher levels due to mixed global cues and absence of any major domestic triggers," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal

Several widely followed companies, including Vodafone Idea, Hindustan Aeronautics (HAL), Mazagon Dock, Hero MotoCorp, IRFC, IRCTC, HUDCO, Apollo Hospitals, Samvardhana Motherson, GMR Airports Infrastructure, Nykaa, and Ola Electric will be releasing their June quarter report cards this week. Here’s the list:

Housing and Urban Development Corporation Limited has signed a non-binding Memorandum of Understanding with RITES Limited on 5th August, 2024 at New Delhi.

Housing & Urban Development Corporation Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 12/08/2024 ,inter alia, to consider and approve Intimation regarding holding of Board meeting on 12th August, 2024 to consider and approve the Unaudited Financial Statements (Standalone and Consolidated) for the quarter ended 30th June, 2024

Newspaper Publication- Transfer to IEPF

Signing of MoU between HUDCO and the Government of Rajasthan on 24th July, 2024

Aimed at the trinity of fiscal prudence, investment, and growth momentum, the Union Budget saw the introduction of employment incentives and a simplified income tax regime, which should boost consumption.

Shares of housing finance companies dropped post-budget as FM Sitharaman announced 3 crore more houses under the PM Awas Yojana. Analysts see positive impact on sector despite initial market reaction.

Authorization of Key Managerial Personnel for determining materiality of an event or information and for disclosure to Stock Exchanges.

Favorable announcements in the housing sector could boost stocks of realty, cement, and housing finance companies. Credit ratings agency CareEdge predicts the government will increase funding for affordable housing schemes, driving construction and employment.

Compliance Certificate for quarter ended 30.06.2024.

The NSE has revised criteria for securities used as collateral in margin trading. 1,010 stocks, including Adani Power and Yes Bank, will be impacted. New rules require securities to meet specific criteria. Changes to take effect from August 1, 2024.

National Stock Exchange updates collateral criteria, leading to exclusion of stocks like Adani Power and Yes Bank. Over 1,000 securities affected. Changes in effect from August 1. Investors advised to review their portfolios.

Dalal Street anticipates Finance Minister Nirmala Sitharaman to maintain the capex agenda and fiscal discipline. PSU stocks in railways and defence sectors lead with up to 77% returns in a month. Pre-Budget optimism propels PSU stocks to record highs, despite concerns over stretched valuations. The rally is driven by 'Modi stocks,' linked to capex and infrastructure sectors.

Nirmal Bang starts coverage on HUDCO with a target price of Rs 375. Company projected to achieve 24.1% earnings growth CAGR by FY26E.