Large investor interest sends Hudco shares 12% higher

Housing and Urban Development Corporation (Hudco), which made a stellar market debut in May, is back in the limelight.

The buzz is that a large privately managed investment group, owned by Dalal Street stalwarts, has purchased shares of Hudco, which triggered the 12.7 per cent jump in the stock price on Tuesday.

The stock closed at Rs 78.40 after touching a high of 79.70 during the day.

On May 19, the stock listed at 22.4 per cent premium to issue price of Rs 60 per share.