HUDCO shares fall 12% as Budget disappoints on policy boost and capex

The share price of HUDCO fell 12% to an intra-day low of Rs 191.21 after the Union Budget 2025-26 disappointed investors due to a lack of specific policies for affordable housing and reduced capital expenditure. 

The shares of HUDCO declined 5.4% during the special budget session as well. The capital expenditure has been reduced to Rs 10.8 lakh crore for FY26 from Rs 11.11 lakh crore in FY25. 

“While the budget did not directly address affordable housing, it did introduce measures that could indirectly boost real estate demand by increasing disposable income for many households by enhancing tax rebates and eliminating income tax for individuals earning up to Rs 12 lakhs. Despite this potential indirect benefit, the market reacted negatively, with a 14.5% rise in open interest signalling a short build-up as traders positioned themselves for further price declines,” said Axis Securities.

Also Read Motilal Oswal’s top 5 stock picks post Budget 2025 GBS outbreak: Doctor warns against improperly cooked paneer, cheese, rice Budget 2025 Views and Analysis Highlights: ‘Big boost for middle class’, FE Editors decode Union Budget 2025-26 Gold prices up as Trump’s new tariff plan gets implemented; Check Gold, silver rate today on February 1 in Mumbai, Delhi, Chennai, Kolkata HUDCO in Q3

A week back, the company posted a net profit of Rs 735 crore for the third quarter of FY25, a jump of 41.6% year-on-year. It reported an increase of 37.14% YoY in revenue from operations during the quarter, with revenue at Rs 2,760.23 crore. Also, it announced to distribute some part of the profit with its stakeholders, announcing an interim dividend of Rs 2.05 per equity share.

HUDCO Vs Nifty 50

The share price of HUDCO has fallen almost 14% in the past three trading sessions. The stock has erased around 19% of investors’ wealth in the last one month and 32% in the past six months. It has fallen almost a per cent in a year.

To compare, the benchmark index, Nifty 50 has risen over 1.8% in the last five days. The index has fallen 2.85% in the last one month and 3% in the past six months. It has risen more than 7% in the previous one year.

 » Read More

Related Articles

Rupee fall hurts India Inc hard

The rupee inched closer to the 88-mark against the US dollar on Monday, putting companies in import-sensitive sectors on the edge. While firms fear a surge in imported inflation on account of rupee depreciation, consumer electronics companies, for instance, are taking price hikes to protect margins. In sectors such as thermal power, where the cost

Bata India Q3 profit grows marginally to Rs 58.6 crore on weak demand

Footwear major Bata India on Monday reported a marginal 1% growth in its net profit at Rs 58.6 crore during the October-December quarter, as compared to Rs 57.9 crore in the same quarter in 2023-24. Bloomberg consensus estimates had pegged the net profit during the quarter at Rs 72 crore.  The company’s revenue from operations

NFRA must separate audit review and disciplinary roles: Experts

Even the National Financial Reporting Authority (NFRA) weighs its options after the Delhi High Court’s order quashing the show-cause notices issued by the regulator against the IL&FS and DHFL auditors, legal experts argue that the regulator would need to create separate divisions for the twin functions of audit review and disciplinary action to comply with

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

0FansLike
0FollowersFollow
0SubscribersSubscribe
- Advertisement -

Latest Articles

Rupee fall hurts India Inc hard

The rupee inched closer to the 88-mark against the US dollar on Monday, putting companies in import-sensitive sectors on the edge. While firms fear a surge in imported inflation on account of rupee depreciation, consumer electronics companies, for instance, are taking price hikes to protect margins. In sectors such as thermal power, where the cost

Bata India Q3 profit grows marginally to Rs 58.6 crore on weak demand

Footwear major Bata India on Monday reported a marginal 1% growth in its net profit at Rs 58.6 crore during the October-December quarter, as compared to Rs 57.9 crore in the same quarter in 2023-24. Bloomberg consensus estimates had pegged the net profit during the quarter at Rs 72 crore.  The company’s revenue from operations

NFRA must separate audit review and disciplinary roles: Experts

Even the National Financial Reporting Authority (NFRA) weighs its options after the Delhi High Court’s order quashing the show-cause notices issued by the regulator against the IL&FS and DHFL auditors, legal experts argue that the regulator would need to create separate divisions for the twin functions of audit review and disciplinary action to comply with

Reliance makes sports drinks foray with Spinner

Reliance Consumer Products on Monday entered the sports hydration drink segment with Spinner. The drink, which is being offered at Rs 10 for a 150 ml bottle, has been co-created with former Sri Lankan cricketer Muttiah Muralitharan. Reliance has disrupted the beverages market with aggressive pricing of Campa Cola, which it relaunched in 2023.  ALSO

Supertails banks on services to counter q-comm disruption in pet care

Bengaluru-based pet care startup Supertails is betting big on services like veterinary care and grooming to set itself apart from quick commerce majors like Zepto, Blinkit, and Instamart, which are aggressively expanding their pet supply offerings. Backed by Fireside Ventures, the startup plans to launch offline centres in select cities that will function as both