HUDCO sharing price rands higher after he has broken to issue mortgages for exemption from capital gains tax | Einsmark news

Hudco share price traded higher on Wednesday despite a fall in the Indian stock market following the announcement of the Monetary Policy of the Reserve Bank of India (RBI) and the cutting of the Repo rate. HUDCO shares have achieved as much as 1.73% to £ 210.65 each on the BSE after the financier of the state-owned infrastructure announced the government’s approval to issue tax exemption tax exemption. The PSU company, Housing & Urban Development Corporation Ltd, said on Wednesday that it had received an approval from the Central Council of Direct Tax to issue capital gains tax exemption effects April 1st, 2025. in terms of section 54ek of the Income Tax Act, 1961 WEF 1 April 2025, ”Hudco said in a regulatory filing on April 9. Sleeve with MMRDA in a separate development on Tuesday, Hudco informed about the signing of a memorandum of understanding (MOU) with Mumbai, Metropolitan Regional Development Authority (MMRDA), Maharasht, Metropolitan Regional Development Authority (MMRDA), maharasht 8 April, 2025. to establish collaboration between HUDCO and MMRDA, in which HUDCO will investigate over a five -year period and provide funds to RS1,50,000 crore to be implemented by MMRDA in Mumbai Metropolitan region. Furthermore, Hudco will also expand consulting services and capacity building activities to meet MMRDA’s emerging requirements, the company said in a regulatory filing on April 8. Hudco share price trends rose by 15% in one month, but the PSU share fell 12% year-on-year. While Hudco shares remained flat in one year, they delivered multi -agger yields in the longer term. Hudco shares rose 372% in two years and jumped with a staggering 864% in five years. At 1:25 pm, Hudco shares trade 1.33% higher at £ 209.80 per piece on the BSE. Disclaimer: The views and recommendations above are those of individual analysts or brokerage companies, and not of currency. We advise investors to check with certified experts before making investment decisions.