HUDCO, NBCC shares hit 52-wk high
HUDCO, NBCC shares hit 52-wk high State-owned housing co’s stock zoomed 20 per cent higher after FM Sitharaman announced building 2 crore more houses in next 5 years; Heavy buying demand witnessed in construction, housing stocks New Delhi: Shares of state-owned HUDCO zoomed 20 per cent higher on Thursday after Finance Minister Nirmala Sitharaman announced building two crore more houses for the rural poor in the next five years. These 2 crore houses will be built under the PM Awas Yojana (Grameen). The stock surged 19.99 per cent to close at Rs 206.80 apiece, its upper circuit limit as also a 52-week high level on the NSE. On the BSE, shares of HUDCO zoomed 19.62 per cent to settle at Rs 206.35 per piece. The Housing and Urban Development Corporation (HUDCO) provides financial assistance for housing and urban infrastructure projects. Post the budget announcements, shares of construction company NBCC (India) advanced 12.01 per cent to finish at Rs 145 apiece and also its 52-week high level on the NSE. On the BSE, the stock climbed 9.78 per cent to end at Rs 142.05 per piece.
New Delhi: Shares of state-owned HUDCO zoomed 20 per cent higher on Thursday after Finance Minister Nirmala Sitharaman announced building two crore more houses for the rural poor in the next five years. These 2 crore houses will be built under the PM Awas Yojana (Grameen). The stock surged 19.99 per cent to close at Rs 206.80 apiece, its upper circuit limit as also a 52-week high level on the NSE.
On the BSE, shares of HUDCO zoomed 19.62 per cent to settle at Rs 206.35 per piece. The Housing and Urban Development Corporation (HUDCO) provides financial assistance for housing and urban infrastructure projects. Post the budget announcements, shares of construction company NBCC (India) advanced 12.01 per cent to finish at Rs 145 apiece and also its 52-week high level on the NSE. On the BSE, the stock climbed 9.78 per cent to end at Rs 142.05 per piece.
