HUDCO shares tank over 9% after govt launches OFS to sell up to 7% stake

HUDCO shares tank over 9% after govt launches OFS to sell up to 7% stake

Housing & Urban Development Corporation (HUDCO) shares tanked 9% to Rs 82 in Wednesday’s trade on BSE after the government announced it would sell up to 7% stake in the company through an Offer for Sale (OFS) at a floor price of Rs 79 per share. Under the OFS, the government will offload seven crore … Read more

Big Movers on D-St: What should investors do with HUDCO, Rashtriya Chemicals and PNB?

Big Movers on D-St: What should investors do with HUDCO, Rashtriya Chemicals and PNB?

Indian market closed in the green on Wednesday for the second consecutive day. The S&P BSE Sensex rose nearly 100 points while Nifty50 closed above 18200 levels. Sectorally, buying was seen in the public sector, oil & gas, banks, metals, and energy stocks while some selling was seen in capital goods, consumer durables, and IT … Read more