Housing & Urban Development Corporation

As of 2026-11-06, HUDCO is trading at ₹159.90, exhibiting a sharp short-term reversal within a broader downtrend. The daily chart shows price above the 20-period EMA and Supertrend, with an ADX of 35.83 indicating established trend strength. This aligns with extreme upward anomalies on 2026-11-04 (volume ratio 3.46) and 2026-11-05 (upward gap), suggesting strong near-term participation. However, the weekly structure remains bearish, with price below all moving averages and the Supertrend, while the monthly trend is weak (ADX 16.17). The stock is positioned in the upper-middle of its 20-day range (+73.6%) but near the lower end of its 252-day range (+17.2%). Risk remains elevated, with annualized volatility at +36.3% and a current drawdown of -35.4%. Immediate resistance lies at ₹161.89 (1.24% above), followed by ₹165.74 (3.65% above). Support is tight at ₹159.09 (pivot) and ₹158.93 (low). A sustained move above ₹161.89 would be required to confirm further upside momentum against the prevailing weekly bearish bias.

Housing and Urban Development Company Ltd. (HUDCO) reported second-quarter results on November 4, 2026, showing a 28.3% increase in net profit to ₹911 crore alongside improved asset quality and margin expansion. The market reacted positively, with shares rising 6% following the announcement. In conjunction with these earnings, HUDCO’s board approved a second interim dividend of ₹1.35 per share, setting a record date of November 11. This payout aligns with broader media recognition of HUDCO as one of the top ten dividend-paying stocks for the period, highlighting its role in generating immediate cash returns relative to share prices. Despite this quarterly growth, the stock remains down 33% year-to-date as of the report date.

On 6 November 2026, Housing & Urban Development Corporation Limited (HUDCO) filed with the NSE to declare an interim dividend of ₹1.35 per share against a face value of ₹10. The record date for this payout is set for 11 November 2026. This corporate action reinforces HUDCO’s standing as a high-yield equity; recent market analysis places it among the top ten dividend-paying stocks in India, highlighting its consistent cash return profile relative to peers like Coal India and TCS.

Market pricing on the observation date reflects a nominal increase, with the share closing at ₹159.90, up from ₹158.03 in the prior snapshot. Additionally, on 5 November 2026, HUDCO submitted copies of newspaper publications regarding its unaudited standalone and consolidated financial results for the half-year ended 30 September 2026, fulfilling regulatory disclosure requirements under SEBI LODR Regulations. While the specific financial figures from these results are not included in the current evidence pack, the filing confirms the company’s ongoing compliance and reporting cadence.

HUDCO’s Board, meeting on November 4, 2026, approved unaudited financial results for the half-year ended September 30, 2026, and declared a second interim dividend of ₹1.35 per equity share. This follows an earlier interim dividend of ₹1.25 per share, bringing the total interim payout for FY 2026-27 to ₹2.60 per share (26% of the ₹10 face value). The record date for this payment is November 11, 2026, with payment proposed by December 3, 2026.

Financially, HUDCO reported standalone profit after tax of ₹911.04 crore for the quarter and ₹1,762.15 crore for the half-year, up from ₹1,340.06 crore in H1 FY26. Loan disbursements reached a record ₹35,371.54 crore in H1 FY27. The company maintains a loan book of ₹1,64,758 crore with strong asset quality indicators: gross NPA at 0.71% and net NPA at 0.044%. Capital adequacy remains robust at a CRAR of 32.55%. Additionally, the RBI has classified HUDCO as an NBFC-Upper Layer for FY 2026-27, and promoter holding is now fully with the Ministry of Housing and Urban Affairs following a transfer from the Ministry of Rural Development.

HUDCO demonstrates a trajectory of aggressive balance-sheet expansion paired with improving profitability, though cash generation remains negative. For Q2 FY2026-27, the company reported income of ₹4,051 crore and net profit of ₹911 crore, both showing sequential growth from Q1’s ₹3,737 crore and ₹851 crore respectively. This follows a strong full-year Mar 2026 performance where revenue reached ₹13,150 crore and net profit surged to ₹4,034 crore, up from ₹2,709 crore in Mar 2025. Return on Equity (ROE) improved significantly to 20% in Mar 2026 from 16% the prior year.

However, earnings quality faces pressure from rising costs. Finance costs increased to ₹2,857 crore in Q2 FY2026-27, while interest expenses for the TTM period stood at ₹9,515 crore. Consequently, Cash from Operating Activity remained deeply negative at -₹33,912 crore for Mar 2026, necessitating continued reliance on financing activities (+₹34,793 crore). The loan book expanded sharply to ₹1,86,502 crore as of Sep 2026, supported by borrowings rising to ₹1,05,505 crore. While promoter holding remained stable at 75%, the financing margin compressed to 23% in Mar 2026 from 35% in Mar 2025, indicating tighter spreads despite higher volumes.

HUDCO presents a conditional upside case anchored by robust operational performance and shareholder returns, despite the stock trading down 32.8% since the start of the data period. For Q2, the company delivered strong topline growth, with net profit rising 28.3% to ₹911 crore alongside improved asset quality metrics. This financial strength supported a second interim dividend of ₹1.35 per share, reinforcing its status as one of the top ten dividend-paying stocks in the market. Technically, while weekly trends remain bearish, the daily Supertrend indicator has flipped bullish, suggesting a potential shift in short-term momentum. The stock is currently consolidating near ₹159.90, with immediate resistance at ₹161.89 (1.24% above) and support holding around ₹159.09. A constructive interpretation depends on whether this technical reversal sustains against the backdrop of significant year-to-date underperformance (-29.7%).

HUDCO faces significant headwinds as the stock trades down 32.8% since the start of its tracking period and is off 29.7% year-to-date, despite reporting a 28.3% increase in Q2 net profit to ₹911 crore. The technical setup reinforces this caution: while the daily Supertrend is bullish, the weekly trend is bearish with negative slopes on both the 20-day EMA (-13.57) and 50-day SMA (-7.64), indicating sustained medium-term selling pressure. The stock has experienced a maximum drawdown of -42.2% and currently sits in a -35.4% drawdown from its peak. High annualized volatility of +36.3% and an ATR of 3.57% suggest elevated price swings, limiting stability for risk-averse investors. Although near-term support exists around ₹155–₹159, resistance is immediate at ₹161.89 (1.24% above), suggesting limited upside momentum in the short term.