HUDCO - Inexpensive Valuation, Offers Attractive Dividend Yield: HDFC Securities

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. .HDFC Securities Retail Research.Housing and Urban Development Corporation Ltd. derives significant strength from majority Government ownership (81.8% stake) and AAA rating which provides comfort to the lenders and aids in reducing the cost of borrowing for the company. It plays an important role as a nodal agency for the implementation of Government policies in the high-priority sectors of social housing and urban infrastructure. Its portfolio is relatively low risk profile given the focus on Government-sponsored urban infrastructure and social housing projects. HUDCO, since inception, over last five decades, has sanctioned a total of 17,326 housing and urban infrastructure projects (as of FY22), with a cumulative loan component of Rs 224,607 crore and has made a total disbursement of Rs 188,404 crore. Apart from this, it has sanctioned more than 1.93 crore houses in the country across both rural and urban India. In longer term, we expect, demand for housing is likely to increase with the increasing urbanisation, better affordability and higher incentives provided by the Govt. This is likely to be beneficial for companies like HUDCO..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

HUDCO - Inexpensive Valuation, Offers Attractive Dividend Yield: HDFC Securities

In longer term, rapid urbanisation, better affordability and higher incentives are likely to benefit companies like HUDCO.

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