India's Housing & Urban Development Corp jumps most in over 16 mths on Q2 profit

Housing and Urban Development

16/11/2022 04:59

** Shares of Housing and Urban Development Corp. Ltd
 HUDC.NS  rise as much as 10.2% to 45.85 rupees, biggest
intra-day pct gain since June 22, 2021
    ** Co on Monday had reported Sept. qtr profit surge of 7% to
3.96 bln rupees ($48.55 million)
    ** Co interest income rose to 17.23 bln rupees vs 17.22 bln
rupees a yr ago
    ** Stock at its highest level since Oct. 20, 2021
    ** More than 23 mln shares change hands by 0450 GMT vs
30-day avg of ~2.3 mln shares
    ** Up to last close, stock up 6.9% this year
($1 = 81.5600 Indian rupees)
 (Reporting by Biplob Kumar Das in Bengaluru)
 ((Biplobkumar.das@thomsonreuters.com))