Housing and Urban Development Corporation (HUDCO) has signed a Memorandum of Understanding (MoU) with Delhi Development Authority, a statutory body established under the Delhi Development Act, 1957, on 10 December 2024 at New Delhi. As per the MoU, HUDCO shall organise Capacity Building Programmes for officials of DDA and extend its Consultancy service for the projects being implemented by DDA in the areas like Residential projects including Affordable Housing Projects; Commercial Projects; Institutional Projects; Residential cum Commercial Projects; Commercial cum Institutional Projects; and any other projects related to Housing, Urban Development and Infrastructure Sector. Powered by Capital Market - Live

The domestic equity benchmarks traded with small gains in early afternoon trade. The Nifty hovered above the 24,650 level after hitting the day's low of 24,583.85 in morning trade. Auto shares extended gains for the second consecutive trading session. At 12:30 IST, the barometer index, the S&P BSE Sensex, gained 90.60 points or 0.12% to 81,612.02. The Nifty 50 index added 43.65 points or 0.18% to 24,653.70. In the broader market, the S&P BSE Mid-Cap index added 0.18% and the S&P BSE Small-Cap index rose 0.30%. The market breadth was positive. On the BSE, 2,175 shares rose and 1,698 shares fell. A total of 139 shares were unchanged. Derivatives: The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, slipped 2.73% to 13.40. The Nifty 26 December 2024 futures were trading at 24,769.70, at a premium of 116 points as compared with the spot at 24,653.70. The Nifty option chain for the 26 December 2024 expiry showed maximum Call OI of 53.7 lakh contracts at the 26,000 strike price. Maximum Put OI of 71.3 lakh contracts was seen at 24,000 strike price. Buzzing Index: The Nifty Auto index rose 0.51% to 23,887.65. The index added 0.47% in two consecutive trading sessions. Hero MotoCorp (up 1.04%), Maruti Suzuki India (up 0.93%), Ashok Leyland (up 0.87%), Bajaj Auto (up 0.76%), Mahindra & Mahindra (up 0.75%), Exide Industries (up 0.52%), Bosch (up 0.51%), Tata Motors (up 0.47%), Balkrishna Industries (up 0.34%) and Samvardhana Motherson International (up 0.19%) advanced. Stocks in Spotlight: Housing and Urban Development Corporation (HUDCO) shed 0.51%. The company informed that it has signed a memorandum of understanding (MoU) with Delhi Development Authority (DDA) on 10 December 2024 for capacity building programmes. Poonawalla Fincorp rose 1.84% after the company's nomination and remuneration committee, had approved the appointment of Salil Hajarnis as the chief technology officer (CTO) of the company. Bharat Global Developers (BGDL) hit an upper circuit of 5% after the company announced that it's Agro Division has secured a prestigious annual supply contract worth Rs 650 crore with TATA Agro & Consumer Products.Powered by Capital Market - Live

According to the MoU, HUDCO shall organise capacity building programmes for officials of DDA and extend its consultancy service for the projects being implemented by DDA in the areas like residential projects. The projects include affordable housing projects; commercial projects; institutional projects; residential cum commercial projects; commercial cum institutional projects; and any other projects related to housing, urban development and infrastructure sector. HUDCO is a policy institution that provides housing finance and non-commercial urban infrastructure financing. The company's key mission is to support the construction of affordable housing for lower-income households and the development of non-commercial urban infrastructure (including water supply, road and transport, power, commercial infrastructure). HUDCO conducts its business by balancing profitability with its social mandate. The company's consolidated net profit jumped 52.5% to Rs 688.62 crore on 34.3% increase in total income to Rs 2,526.14 crore in Q2 FY25 over Q2 FY24. The scrip declined 0.63% to currently trade at Rs 252.70 on the BSE.Powered by Capital Market - Live

Stocks to Watch: Housing & Urban Development Corporation (HUDCO) has signed memorandum of Understanding (MoU) with NBCC (India) for the development of 10-acre land parcel owned by Hudco in Noida, NBCC will handle the execution of the project, which is estimated to cost Rs 600 crore. Natco Pharma has sold land with clear and marketable titles, covering approximately 14.4 acres in Telangana for Rs 116 crore, which includes certain infrastructure costs. Ashoka Buildcon has submitted a bid for a project with Madhya Pradesh Poorv Kshetra Vidyut Vitaran, and the accepted bid price for the project is Rs 193 crore. Waaree Renewables Technologies has received a term sheet for the execution of EPC works for a ground-mounted solar PV project with a 2012.47 MWp DC capacity. Manaksia Coated Metals and Industries' board will meet on 2 December 2024 to decide on a proposal for raising funds by way of a preferential issue, private placement, or other means. KEC International has received turnkey orders worth Rs 1,704 crore in its transmission and distribution business for the design, supply, and installation of 765 kV transmission lines and GIS substations from Power Grid Corporation of India. Hathway Cables and Datacom has acquired the remaining 61.15% equity stake of Hathway Cable MCN Nanded (Hathway Nanded), a subsidiary of the company, for an aggregate consideration of Rs 11.Powered by Capital Market - Live

Housing & Urban Development Corporation (HUDCO) announced that the following individuals ceased to hold the position of Independent Director of the Company upon completion of their term of appointment of three years on 21 November 2024: - 1. Dr. Ravindra Kumar Ray 2. Dr. Siyaram Singh 3. Smt. Sabitha Bojan Powered by Capital Market - Live

Net profit of Housing & Urban Development Corporation rose 52.47% to Rs 688.62 crore in the quarter ended September 2024 as against Rs 451.65 crore during the previous quarter ended September 2023. Sales rose 35.01% to Rs 2517.72 crore in the quarter ended September 2024 as against Rs 1864.80 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales2517.721864.80 35 OPM %105.5097.04 - PBDT1002.58608.82 65 PBT1000.04606.38 65 NP688.62451.65 52 Powered by Capital Market - Live

Housing & Urban Development Corp. will hold a meeting of the Board of Directors of the Company on 29 October 2024.Powered by Capital Market - Live

Moody's Ratings (Moody's) has completed a periodic review of the ratings and affirmed the issuer ratings of Housing and Urban Development Corporation (HUDCO) at Baa3 level with 'Stable' outlook, equivalent to that of India's Sovereign RatingPowered by Capital Market - Live

The Board of Housing & Urban Development Corporation at its meeting held on 25 September 2024 has appointed Daljeet Singh Khatri, Director (Finance) as Chief Financial Officer (CFO) of the Company in place of Reva Sethi, with immediate effect.Powered by Capital Market - Live

Housing & Urban Development Corp. announced that the Annual General Meeting (AGM) of the company will be held on 25 September 2024.Powered by Capital Market - Live