Hudco shares in focus after Rs 11,300 crore MoU with Nagpur Metro

Shares of Housing & Urban Development Corporation (Hudco) are likely to be in focus on Tuesday after the state-run lender signed a Memorandum of Understanding (MoU) with the Nagpur Metropolitan Region Development Authority (NMRDA) to provide funding of up to Rs 11,300 crore for metro and infrastructure development over the next five years.

Hudco entered into the non-binding MoU on September 8, 2025, in Mumbai to support land acquisition, housing, and infrastructure projects in the Nagpur Metropolitan Region. Along with financing, Hudco will also extend consultancy services and capacity-building support to NMRDA. The signing ceremony was attended by Maharashtra Chief Minister Devendra Fadnavis and Deputy Chief Minister Eknath Shinde.

The agreement marks one of Hudco’s largest commitments to a regional development authority and is expected to provide long-term visibility for its lending portfolio.

Stock performance and technicals

Hudco shares have fallen nearly 9% so far in 2025, though the stock is up 4.6% over the past month. Over the last three months, it has declined 12%.

From a technical standpoint, the stock is currently trading above five of its eight key simple moving averages (SMAs) — the 5-day, 10-day, 20-day, 30-day, and 150-day SMAs. However, it remains below the 50-day, 100-day, and 200-day SMAs.

The Relative Strength Index (RSI) stands at 54, suggesting the stock is neither overbought nor oversold. Meanwhile, the Moving Average Convergence Divergence (MACD) is at -1.0, below the center line, indicating a bearish undertone.

Recent earnings snapshot

In August, Hudco reported a 13% year-on-year rise in net profit for the quarter ended June 2025, posting a consolidated net profit of Rs 630.2 crore compared with Rs 557.8 crore a year earlier.

Revenue climbed 34.2% YoY to Rs 2,937.31 crore, while net interest income rose 33.4% to Rs 948 crore versus Rs 711 crore in the same quarter of 2024.

Also read | Mahindra & Mahindra shares soar 14% in 4 days on GST boost. Analysts eye Rs 4,000 next

(Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times)