Support and Resistance Levels
Past performance
About Housing & Urban Development Corporation Ltd Housing and Urban Development Corporation Limited (HUDCO), a Public Sector Undertaking established in 1970, specializes in loan financing for housing and urban infrastructure projects across India. Initially focused on rural housing schemes, HUDCO expanded its services to include urban infrastructure financing in 1988 and retail financing under the brand HUDCO Niwas in 1999. Recognized as a public financial institution, HUDCO has consistently raised substantial capital through tax-free bonds to support its initiatives.
With a major shareholding by the Government of India, HUDCO underwent partial divestment in 2017, reducing the government's stake to 89.81%. As of 2023, HUDCO has sanctioned numerous projects, focusing on sectors like water supply, power, and transportation, while also supporting affordable housing developments. The company actively engages in consultancy services for large-scale constructions and continues to invest in infrastructure projects across various Indian states, contributing significantly to urban development and housing initiatives.