PSU stock jumps 5% after signing MoU worth ₹1.5 Lakh Cr with Mumbai MetroPSU stock jumps 5% after signing MoU worth ₹1.5 Lakh Cr with Mumbai Metro

Introduction:

PSU stock gained focus after signing an MoU with MMRDA on April 8, 2025, to support Mumbai’s infrastructure with ₹1,50,000 crore funding over five years. The stock opened at ₹87.40 and is currently trading at ₹85.90, reflecting renewed investor interest.

Share Price movement of Housing and Urban Development Corporation:

On April 8, 2025, Housing & Urban Development Corporation Limited opened at ₹200.69, reaching a high of ₹206.50 and a low of ₹198.38, up 5.71% from the previous close of ₹194.89. The stock is currently trading at ₹206.01, with a market cap of ₹41,241.14 Crores.

Housing and Urban Development Corporation share price rise:

Housing and Urban Development Corporation Limited (HUDCO) MOU which is the Memorandum of Understanding with Mumbai Metropolitan Region Development Authority (MMRDA) was signed on April 8, 2025. The deal is to help in the infrastructure development in the Mumbai Metropolitan Region through funding and consultancy collaboration.

The HUDCO and MMRDA MoU promises financial support to the tune of ₹1,50,000 crore over five years for the many infrastructure projects planned by MMRDA. This support is in addition to the consultancy and capacity building services that HUDCO will provide to help address the changing needs of urban development.

The agreement was signed in Mumbai in the presence of Maharashtra’s Chief Minister Shri Eknath Shinde, Deputy CM Shri Devendra Fadnavis, HUDCO CMD Shri Sanjay Kulshrestha and other dignitaries. This strategic partnership is aimed at reinvigorating urban infrastructure in the area.

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Stock performance of Housing and Urban Development Corporation for Period of 1 week, 6 months and 1 year:

Housing and Urban Development Corporation’s stock declined 5.58% over the past week. In the last six months, it has dropped 13.5%, while the one-year performance shows a 6.80% fall, reflecting ongoing challenges and lackluster investor sentiment across short- and medium-term periods.

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Shareholding pattern of Housing and Urban Development Corporation:

All values in %	Dec-24	Sep-24	Jun-24
Promoters	75	75	75
FII	2.08	2.32	2.7
DII	9.74	9.05	11.65
Retail & others	13.17	13.63	10.65

About Housing and Urban Development Corporation:

Housing and Urban Development Corporation Limited (NSE: HUDCO) is a government-owned financial institution that finances housing and urban infrastructure projects in India. It supports affordable housing, water supply, transport, and other civic amenities, contributing significantly to the nation’s urban development and planning initiatives.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.