HUDCO’s Shares Soar 4x in One Year Amid Strong Developmental Finance Impact-CMD

HUDCO, a developmental financial institution operating under the Ministry of Housing and Urban Affairs (MAHUA), specializes in providing financial assistance at competitive terms for the development of sustainable infrastructure nationwide. The company focuses primarily on financing housing and urban infrastructure projects, aligning with the goals of the Government of India (GoI) by supporting the counterpart requirements of various states. https://www.newsip.in/current-affairs/psus-witness-historic-bull-run-in-2023-added-rs-20-lakh-crore/ Over the past year, HUDCO has experienced a significant surge in its share price, increasing approximately fourfold. As of the latest market data, the current share price reflects this remarkable growth, underscoring the market’s positive response to the company’s activities in the developmental finance sector. Investors are closely monitoring HUDCO’s performance as it continues to play a crucial role in fostering sustainable infrastructure development across the country. https://www.newsip.in/current-affairs/the-oil-gas-sector-in-india-is-thriving-puri/