Hudco Dividend 2024 Record Date: Setting the Stage for Shareholder Payouts

Hudco is probably going to issue bonds or debentures to raise Rs 40k crore in funding during the 2024–2025 fiscal year. Both decisions will be reviewed and perhaps approved at the board meeting scheduled for March 20, 2024.

Hudco Dividend 2024 Record Date

Shares of Housing & Urban Development Corporation, a prominent public sector undertaking, had a steep decrease in trading today of 9.98%, ultimately settling at Rs 163.80 per share. In the past year, Housing & Urban Development Corporation shares have increased by 254%. 

The PSU indicated in an exchange filing on Thursday that its Board of Directors is scheduled to meet on Wednesday, March 20, 2024, to discuss declaring an interim dividend for the Financial Year 2024–2025.

For this reason, the corporation has also set a record date. “Friday, March 29, 2024, shall be the Record Date to establish the eligibility of the stockholders for the distribution of interim dividend,” HUDCO stated in an exchange statement.

Hudco’s Share Price and History 

On Friday, March 15, Hudco’s share price closed at Rs 188.20 on the BSE, up 4.47 percent from the previous day’s finish of Rs 180.15. The share price began trading at Rs 175.65. The intraday high was still at Rs. 191.30, while the low was at Rs. 181.16.

Hudco has a valuation of Rs 37,657 crore on the market. Each stock is worth Rs 10 at face value. According to BSE data, shares of HUDCO have returned 39.49% so far in 2024, but they have increased by more than 61% in the last three months.

The stock of HUDCO has increased by 151% over the previous six months and by 292% over the last full year. The government-owned stock has returned 424 percent over the past two years.

Hudco Dividend 2024

Hudco Share Performance

HUDCO shares peaked on the BSE at Rs 226.95 per share and Rs 40.50 per share, respectively, 52 weeks ago. The market capitalization of HUDCO is Rs 32,791.12 crore. HUDCO’s ROE is 13.07 and its PE is 15.95. 

It has an EPS of 10.27 TTM. In the last year, HUDCO shares saw a 16% fall, a 14% decline in the previous two weeks, a 254% return in the previous year, and a 371% rally in the previous two years. 

Housing & Urban Development Corporation’s stock increased 266% over the previous five years and 230% over the previous three.

Financials of HUDCO

On February 9, 2024, the company announced a two-fold increase in its independent profit after taking tax for the quarter that ended on December 31, 2023, at Rs 519.19 crore. According to its BSE filing, HUDCO reported a standalone profit after tax (PAT) of Rs 254.32 crore for the equivalent quarter of the previous year. 

Its operational revenue for the quarter ending in December 2023 was reported at Rs 2012.66 crore, an increase of 18% over the same quarter the previous year at Rs 1708.9 crore. 

According to the corporation, its PAT for the April–December quarter increased 33% YoY to Rs 1416.58 crore, while its operational revenue increased 10% to Rs 5719.07 crore within the same time.

How to buy shares of Hudco?

If you want to buy shares of Hudco then there’s no need to worry. We provided the easiest way to buy your shares. To purchase shares of Housing & Urban Development Corporation (HUDCO), follow these steps:

  • Open a Demat account with a brokerage or bank. Your shares are kept in electronic form on this account.
  • Choose a trustworthy stockbroker that provides trading services.
  • Finish the KYC process by supplying the required paperwork, which includes an identity and address verification as well as a passport-sized photo.
  • Into your trading account, transfer money. You can purchase and sell shares with this account, which is connected to your Demat account.
  • Open a trading account and purchase shares in HUDCO. You have the option of placing a limit order, which specifies the amount at which you would like to buy, or an exchange order, which buys at the going rate.
  • Both the trading platform you’re using and the Demat account allows you to keep track of your investments. 

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