Buy Hsg & Urban Dev Corpn, target price Rs 305: IIFL Securities
IIFL Securities recommends buying Hsg & Urban Dev Corpn with a target price of Rs 305. The current market price is Rs 294.3. The company is expected to benefit from the government's focus on affordable housing and the recovery in the real estate sector. Hsg & Urban Dev Corpn has a strong track record of execution and is well-positioned to capitalize on the growth opportunities in the housing sector. Investors should consider buying the stock for potential gains.
About Hsg & Urban Dev Corpn:
Housing & Urban Development Corporation (HUDCO) is a public sector undertaking under the Ministry of Housing and Urban Affairs, Government of India. Incorporated in 1970, HUDCO is the nodal agency for providing long-term finance to various stakeholders involved in housing and urban infrastructure development. The company offers loans for projects such as construction and development of residential housing, industrial housing, slum redevelopment, urban infrastructure projects, etc. HUDCO also provides advisory services to urban development authorities and other government agencies. As of 2023, it has sanctioned over 5,000 projects with a total loan commitment of over ₹5 lakh crore (~US$63 billion).
52 Week Price Trend:
Housing and Urban Development Corporation (HUDCO) is a public sector undertaking that provides housing finance in India. The stock currently trades at Rs 294.3, close to its 52-week high of Rs 226.95 and significantly higher than its 52-week low of Rs 40.4. This indicates a strong recovery for the company, driven by increased demand for affordable housing and government initiatives to boost the real estate sector.
Stratzy's MOST Analysis:
HUDCO has been assigned an AA rating by Stratzy's MOST framework, indicating medium fundamental risks. This rating is determined based on four pillars: Management, Outlook, Safety, and Trend. A score is given to each pillar, and an overall score is calculated to arrive at the final rating. The AA rating suggests that HUDCO has a sound management team, a positive outlook, adequate safety measures, and a stable trend, indicating a moderate level of fundamental risk associated with the company.
Company's Fundamentals:
Hsg & Urban Dev Corpn (NSE:HUDCO) is a public sector undertaking engaged in providing loans for housing and urban development projects. Its stock PE ratio of 19.81 indicates that investors are willing to pay 19.81 times the company's annual earnings per share for its stock. The PB Ratio of 2.59 suggests that the company's market value is 2.59 times its book value, indicating that investors believe the company is undervalued. The Dividend Yield of 1.89% represents the annual dividend payout as a percentage of the current stock price, indicating the income investors can earn from holding the stock.
Fundamental and Technical information provided in this blog were last updated on 03 Jul, 2024
Disclaimer: The information and recommendations presented in this section, including any attached reports, are sourced from third-party providers through diverse channels. The views and opinions expressed within these materials belong solely to their respective creators. These views and opinions do not necessarily reflect the position of Stratzy Fintech Pvt Ltd. Stratzy explicitly disclaims any guarantees, express or implied, regarding the accuracy and reliability of the provided content. We strongly advise consulting with a licensed financial advisor before making any investment decisions based on this information. Remember, seeking independent financial advice is crucial.