Budgetary Boost for HUDCO

[{"selector":"#anim-79c3b418-31c5-49ba-a884-b9e9e3416699 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(0%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] HUDCO share price reached a new lifetime high of ₹226.45 per share on NSE.

[{"selector":"#anim-7ecdcdec-8a10-471b-bf68-c2cdeeddfc20 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(0%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] The post-budget rally on Friday contributed to surge in the HUDCO's share price.

[{"selector":"#anim-a1b1b3b1-f7fb-4003-a7b8-41e7a3e242fe [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(0%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] The stock opened on a positive note and recorded an intraday high of ₹226.45 per share.

[{"selector":"#anim-ed2691b9-665b-4bd4-b216-a6a3f3884763 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(0%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] There has been a remarkable 30 percent increase in the last two consecutive sessions.

[{"selector":"#anim-d970489f-c240-4f00-bb7d-873d57332c4d [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(0%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] The announcement of 2 crore new affordable houses in Budget 2024..

[{"selector":"#anim-91496e7c-ee8e-4d0c-9511-17316c653258 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(0%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] ..... fueled a sharp upside move in HUDCO's share price on Thursday.

[{"selector":"#anim-c9b65291-c587-46c5-9fa9-cb6d86b60c4a [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(0%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] The stock ended around 20 percent higher following the positive market sentiment.

[{"selector":"#anim-f64fd3a6-b0f1-4856-ab48-f96efc12baf7 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(0%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] Experts link HUDCO's rising share price to Budget 2024's announcement of 2 crore new affordable houses.

[{"selector":"#anim-58288c61-71a4-4dc3-86c2-d37b9ffa99a1 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(0%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] The HUDCO, as a gov.-backed financial entity, gains investor confidence, contributing to its positive stock performance.

Thanks for Watching

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