NBFC Stock Under Rs 100 Recommends Rs 3.10/Share Dividend, Jumps Over 10% In 1 Week

The stock of Housing and Urban Development Corporation Ltd. (HUDCO) jumps over 10% in the past 1 week post the recommendation of dividend. The Board of Directors of the company in their meeting held on Friday, May 26, 2023, recommended the final dividend of Rs. 3.10/share i.e. 31% for the financial year 2022-23. HUNDCO is a midcap NBFC with a market capitalisation of Rs. 12,371.74 crore.

Dividend

According to the regulatory filing by the Board of Directors of HUDCO, "The Board of Directors in their meeting held on Friday, 26th May, 2023, considered and approved the Audited Financial Results (Standalone and Consolidated) for the quarter & year ended 31st March, 2023 and recommended the final dividend of Rs. 3.10/- per equity share (@31%) for the financial year 2022-23, subject to the approval of the shareholders in the Annual General Meeting."

Stock Outlook

On NSE, the stock last traded at Rs. 61.80/share, up 0.73% as compared to its previous close of Rs. 61.35/share. The stock hit the 52 week high today, June 5, 2023, at Rs. 62.40/share. The stock's 52 week low is Rs. 32.25/share recorded on 20 June 2022.

The stock has given 10.46% positive return in the past 1 week and 12.25% in the past 1 month, respectively. It gave 73.6% positive return in 1 year. In 3 years, it gave 149.7% positive return. In 5 years, it gave 11.25% positive return.

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