India's HUDCO soars on announcing potential loan assistance of up to 1 trln rupees

Housing and Urban Development

20/09/2024 09:34

** Housing And Urban Development Corporation (HUDCO)
 HUDC.NS  climbs as much as 9.7% to 252.9 rupees
    ** Non-banking finance co says it has potential to extend
loan assistance in the 750 bln-1 trln rupees ($9 bln-12 bln)
range under govt. housing scheme
    ** HUDCO had surged 7.7% on July 4 on report that India was
planning to hike subsidies
    ** Stock set to snap five straight sessions of declines
    ** More than 25 mln shares traded, 2.4x the 30-day avg
    ** HUDCO last up 6.6%, nearly doubling YTD gains

($1 = 83.5040 Indian rupees)

 (Reporting by Anuran Sadhu in Bengaluru)
 ((Anuran.Sadhu@thomsonreuters.com ;))