/ HUDCO Slips Into Red Zone Loses Over 7% Since Listing ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Tuesday, 23 May 2017

Housing and Urban Development Corporation (HUDCO), the government-owned corporation, was losing strength on the bourses in Tuesday's trading session. The stock is down by 3.4% or Rs 2.4 per share at Rs 67.80 per share on the NSE.

The stock was listed on both the exchanges, NSE and BSE on May 19 at a listing price of Rs 73.45 per share at a premium of 22.41%. The stock has slipped nearly 7.5% since its listing price of Rs 73.45 per share.

The IPO had received the huge response from the investors. In line with the street expectations, the HUDCO IPO had received more subscriptions on Day 3 of the subscription. The IPO had issue size of 20,40,58,747 shares.

The company in its filing to the exchanges said that the board has recommended a final dividend to the shareholders for the year 2016-17, subject to the approval of the shareholders in the AGM.

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