Refile: BUZZ-India's HUDCO turns positive after Dec-qtr profit surge

Housing and Urban Development

09/02/2024 10:03

(Removes extraneous word in bullet 5)
    ** Shares of Housing and Urban Development Corp (HUDCO)
 HUDC.NS  turn positive to trade up 2.6% at 203.3 rupees
    ** Stock was trading roughly 5% lower ahead of results
    ** Co's Dec-qtr profit surged 2X YoY
    ** Stock had climbed 19.5% on Feb. 1 after finance minister
targets constructing 20 mln new houses over next five years
    ** HUDCO has gained 82.6% since Dec. 14, 2023 when it hit
its first record high in more than six years

 (Reporting by Varun Vyas in Bengaluru)
 ((varunvyas.hebbalalu@thomsonreuters.com))