2nd Interim Dividend Declared By HUDCO For FY25, Record Date Inside; Take Positions At Current Levels?

In India, housing and urban development projects are financed by the Housing and Urban Development Corporation (HUDCO), a public sector organisation. In 2002, HUDCO received an upgrade to Schedule-A Public Sector Enterprise, and in 2024, it was granted Navratna status. Following the announcement of the company's second interim dividend for FY25, HUDCO's shares closed Monday's trading session on the NSE 1.94% higher at Rs 182.35 per share, with a market capitalisation of Rs 36.34KCr.

Hudco Dividend

"The Board of Directors, in their meeting held on Monday, 10th March, 2025, inter-alia considered and approved declaration of Second Interim Dividend of Rs. 1.05/- per equity share, i.e. @ 10.50% (subject to deduction of TDS) on the face value of Rs. 10/- each, for the Financial Year 2024-25 and fixed Friday, 14th March, 2025 as Record date for determining the eligibility of shareholders for payment of Interim Dividend. The process for payment of Interim Dividend will be completed within 30 days of its declaration," said Hudco in a stock exchange filing.

Hudco Financials

For the third quarter of FY25, Housing and Urban Development Corporation (Hudco) reported a net profit of Rs 735 crore, rising 41.6% year on year (Y-o-Y). With revenue of Rs 2,760.23 crore for the quarter, the PSU company also recorded a 37.14 per cent year-on-year growth in revenue from operations. Hudco's net profit for the first nine months of FY25 (9M FY25) increased 39.87% YoY to Rs 1,981.40 crore. Revenue reached Rs 7,466.13 crore over the same time, up 30.55 per cent YoY. Hudco's loan book increased by over 41% YoY to Rs 1,18,931 crore in the 9M FY25. In 9M FY25, HUDCO's net non-performing assets (NPAs) decreased from 0.44 per cent to 0.27 per cent year on year.

Hudco Share Price Target

Mandar Bhojane - Equity Research Analyst at Choice Broking said, "HUDCO is showing early signs of recovery after a prolonged downtrend and is currently trading around ₹180. The stock has rebounded nearly 13% from its support level of ₹164, indicating renewed buying interest. On the weekly timeframe, it has formed a bullish piercing pattern, suggesting potential strength, while on the daily timeframe, it is attempting to form a lower high. A decisive breakout above ₹187 could drive the stock toward the ₹200-₹215 range, confirming a stronger recovery."

"Additionally, HUDCO is approaching the 20-day moving average, and a close above this level would further strengthen the bullish outlook. The ₹175 level is acting as a key support zone, and a rebound may occur if the stock stabilizes at this level," the analyst added.

"For prudent risk management, a stop-loss at ₹170 is recommended for positions taken at the current level. Investors should closely monitor price action and trading volumes to validate the potential trend reversal before committing to new positions," further recommended.

Disclaimer

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