Hous­ing & Ur­ban Devel­op­ment Cor­po­ra­tion Ltd

Money Times - - Muhurat Picks -

(BSE Code: 540530) (CMP: Rs.45) (FV: Rs.10)

Hous­ing & Ur­ban Devel­op­ment Cor­po­ra­tion Ltd (HUDCO) hit the cap­i­tal mar­kets in 2017 through its IPO priced at Rs.60/share, which was over­sub­scribed by 79 times. Cur­rently, the stock trades at a P/E of just 9.78x. Con­sid­er­ing its growth po­ten­tial, we rec­om­mend this stock for a price tar­get of Rs.70 within a year.

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