InvestorQ : How about investing in HUDCO for long term?
Siya Saran made post

How about investing in HUDCO for long term?

Khushi Patel answered.
2 years ago

In the aftermath of its listing a couple of years ago, the stock of HUDCO had rallied sharply to near the Rs.100 mark. That was the big bet on the back of the government focus on low cost housing, which was the space where HUDCO specialized. However, in the last few years we have the NBFC crisis and HFC crisis and that delayed projects taken up by most builders and HUDCO was also hit by that trend. The stock dropped as low as Rs.29 and is now settled around the Rs.42 mark.

A lot will depend on the Union Budget 2020. As of now it is expected that the budget will give a big boost to housing with specific focus on low cost housing. If that happens then HUDCO stands to gain. You should take a view on the stock based on the focus and the timelines of the Union Budget 2020 and then decided. If the thrust is on low cost housing then the stock offers good value at current levels.