HUDCO Share Price Target 2024, 2025, 2030, NSE, BSE, Good or Bad

HUDCO Share Price Target 2024, 2025, 2030, Share History, NSE, BSE, Good or Bad

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.

HUDCO Share Price

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.

HUDCO Share Price BSE

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. 

HUDCO share price NSE

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

HUDCO Share Good or Bad

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.

HUDCO Share Price History

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

 

Here is HUDCO Share Price History for five consecutive months

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

 

HUDCO Share Price Target

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. 

HUDCO share price target 2024

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. 

HUDCO share price target 2025

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.

HUDCO share price target 2030

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.

HUDCO share price target 2040

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. 

Some Major Points to Know about HUDCO Company 

• HUDCO is a Public Sector Undertaking company that is completely under the ownership of the Government of India. It was founded in the year 1970.
• The company's shares were listed on NSE (NSE: HUDCO) and BSE (BOM: 540530) in 2017. 
• With the recent trend in HUDCO share price, the company is recommended for a strong buy for the long term.
• On December 15, HUDCO's share price was Rs 110.40 (BSE) and Rs 110.35 (NSE).

Frequently Asked Questions

1. Is HUDCO a good buy or not?

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.

2. What is the work of HUDCO?

The objective of HUDCO is to finance Housing and Urban development projects in the country.

3. What is the share price of Housing and Urban Development Corporation Ltd (HUDCO) today on NSE?

On December 15, the share price of HUDCO on NSE was Rs 110.35.

4. What is the share price of Housing and Urban Development Corporation Ltd (HUDCO) today on BSE?

On December 15, the share price of HUDCO on BSE was Rs 110.40.

5. What is the market cap of Housing & Urban Development Corporation Ltd (HUDCO?)

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.