Read and learn about HUDCO Share Price Target 2024, 2025, 2030, NSE, BSE, is it Good or Bad to Invest? and much more at PrimeNewsly.
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Housing and Urban Development Corporation (HUDCO) has been one of the most traded securities on the National Stock Exchange and Bombay Stock Exchange.
Established in 1970, HUDCO is a public sector company in India that provides housing and urban infrastructure finance. It is a wholly-owned government company. Being the premier techno-financing public sector enterprise in the field of housing and infrastructure development, the company was established with the goal of addressing the issues of housing finance and playing a pivotal role in urban infrastructure development.
Let's find out more about HUDCO and get a detailed insight into HUDCO's share price history.
As of December 15, 2023, HUDCO's share price is Rs 110.90. Yesterday, the share price closed at Rs 113.35, recommending people strong buy for the long term with a stop loss of Rs 62.58 and Strong Buy for the short term with a stoploss of Rs 84.57.
The ever-fluctuating share price of HUDCO shows the share price as 110.40 in BSE with a day range of Rs 110.15 (lowest) to Rs 116.56 (highest) with a volume of 2,120,929 and a bid of Rs 110.60.
For NSE, HUDCO's share price is Rs 110.35, with the day range from Rs 110.15 (lowest) to Rs 116.50 (highest). Volume is 29,301,622 with a bid of Rs 110.26.0
When it comes to deciding if HUDCO shares good or bad, the answer lies in how much return on assets it gives. Based on the history, HUDCO's return on assets was 1.67% in 2019, 2.32 % in 2020, 2.13% in 2021, 2.26% in 2022 and 2.17% in 2023.
Additionally, consideration could also be made on the basis of Return on Capital Employed. The data shows it was 8.43% in 2019, 9.71% in 2020, 9.45% in 2021, 9.16% in 2022 and 8.81% in 2023.
Looking further, net profit margin and gross profit margin could be another criterion to decide if HUDCO's share is good or bad.
|
Year |
Net Profit Margin (%) |
Gross Profit Margin (%) |
|
2019 |
21.10 |
33.41 |
|
2020 |
22.56 |
28.79 |
|
2021 |
21.69 |
30.72 |
|
2022 |
24.53 |
33.63 |
|
2023 |
24.01 |
32.47 |
Based on these data, one can decide if buying HUDCO share will be a good or bad decision for them.
Below is HUDCO share price history for a month-
|
Date |
Open |
High |
Low |
Close* |
Adj Close** |
Volume |
|
Dec 15, 2023 |
113.55 |
116.50 |
110.15 |
111.00 |
111.00 |
28,526,917 |
|
Dec 14, 2023 |
100.50 |
119.55 |
100.25 |
111.35 |
111.35 |
193,717,874 |
|
Dec 13, 2023 |
95.90 |
100.65 |
94.80 |
99.65 |
99.65 |
51,936,101 |
|
Dec 11, 2023 |
91.00 |
93.45 |
90.25 |
91.15 |
91.15 |
12,199,649 |
|
Dec 08, 2023 |
92.60 |
93.60 |
89.05 |
90.75 |
90.75 |
16,327,894 |
|
Dec 07, 2023 |
86.60 |
94.40 |
86.60 |
92.30 |
92.30 |
53,082,188 |
|
Dec 05, 2023 |
88.30 |
89.45 |
85.85 |
87.40 |
87.40 |
15,186,001 |
|
Dec 04, 2023 |
87.25 |
89.00 |
85.70 |
87.90 |
87.90 |
25,061,470 |
|
Dec 01, 2023 |
86.70 |
87.70 |
85.30 |
85.65 |
85.65 |
17,934,183 |
|
Nov 30, 2023 |
81.85 |
87.30 |
81.65 |
85.75 |
85.75 |
48,799,946 |
|
Nov 28, 2023 |
82.10 |
83.35 |
81.25 |
81.60 |
81.60 |
5,804,305 |
|
Nov 24, 2023 |
82.45 |
82.60 |
81.50 |
81.70 |
81.70 |
3,864,295 |
|
Nov 23, 2023 |
83.30 |
83.50 |
82.05 |
82.25 |
82.25 |
4,004,621 |
|
Nov 21, 2023 |
82.90 |
84.20 |
81.35 |
83.45 |
83.45 |
12,565,069 |
|
Nov 20, 2023 |
81.50 |
83.85 |
81.20 |
82.40 |
82.40 |
17,648,403 |
|
Nov 16, 2023 |
82.00 |
82.65 |
81.20 |
81.45 |
81.45 |
6,856,618 |
|
Nov 15, 2023 |
81.90 |
82.35 |
80.90 |
81.75 |
81.75 |
9,596,374 |
|
Date |
Open |
High |
Low |
Close* |
Adj Close** |
Volume |
|
Dec 15, 2023 |
113.55 |
116.50 |
110.15 |
111.00 |
111.00 |
28,526,917 |
|
Dec 01, 2023 |
86.70 |
87.70 |
85.30 |
85.65 |
85.65 |
17,934,183 |
|
Nov 01, 2023 |
75.35 |
87.30 |
74.05 |
85.75 |
85.75 |
219,269,645 |
|
Oct 01, 2023 |
91.80 |
95.90 |
70.50 |
75.25 |
75.25 |
395,525,370 |
|
Sep 01, 2023 |
74.75 |
93.80 |
67.65 |
91.80 |
88.16 |
477,505,757 |
|
Aug 01, 2023 |
64.70 |
77.20 |
60.75 |
74.90 |
71.93 |
322,170,280 |
Housing and Urban Development Corporation plays an important role in providing financing to housing and urban development programs in India. The company signs a Memorandum of Understanding with the Ministry of Housing and Urban Affairs that outlines the company's annual performance targets.
On December 14, HUDCO zooms 20% on heavy volumes, stocking up 51% (Rs 79 per share) from the Offer for Sale (OFS) price in 2 months. It traded at Rs 111.35, and its nearest share price targets are Rs 105.8 and Rs 125.1. In December, the stock of state-owned financial institutions surged 39 percent.
It is expected that the company's asset quality will remain stable over the next 12 to 18 months, indicating that HUDCO share long term target and is apt for long-term buy.
Let's find out its share price target for the coming years.
As of December 14, 2023, HUDCO observed a nearly 20% surge in heavy volumes; it is estimated that the company's stock price can reach Rs 126.69 per share by the end of 2024. It is expected that the stock will commence at the rate of Rs 93.96 to Rs 102.93 in January 2024, and the target will keep on accelerating by the year's end.
By December 2024, HUDCO share price target will reach Rs 116.90 to Rs 126.69 approximately.
As the company's wealth has seen a positive trend since the day it commenced its stock market journey, it is expected that the share price target for 2025 will reach Rs 156.99 in December 2025.
It is believed that January 2025 will hit a Rs 118.24 to Rs 129.35 share target price and close between Rs 142.24 and Rs 156.99 by December 2025.
On the basis of the company's financial reports, share price may range between Rs 267.73 and Rs 321.13 in 2030. The company's growth in revenue and profitability are accounted for by targeting this price.
For the next ten years, the HUDCO share price target may rise beyond, reaching around Rs 589.23 by 2040. As the need for reliable housing and urban development plans will never cease, there could be a tremendous hike in its share target in the years to come.
Observing the latest trends in its share price, HUDCO is recommended for strong buy for long-term with stoploss of 62.58 and strong buy for short term with stoploss of 84.57.
The objective of HUDCO is to finance Housing and Urban development projects in the country.
On December 15, the share price of HUDCO on NSE was Rs 110.35.
On December 15, the share price of HUDCO on BSE was Rs 110.40.
The current market capitalization of Housing & Urban Development Corporation Ltd (HUDCO) is 22,291.16 crores.
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Conclusion
As HUDCO shows positive growth in its sector due to the increased demand for housing and urban infrastructure development, it is expected that its share price target will increase manifold in the coming years, giving a good potential to investors.
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