Hudco Shares Drop 8% Following Mixed Q4 Results and Analyst Caution
Hudco shares tumble 8% after mixed Q4 results; analyst suggests caution
Business Standard
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Shares of Housing & Urban Development Corporation (Hudco) fell over 8% to ₹205.07 after the company reported mixed results for the fourth quarter of FY26. Despite a significant increase in net profit, rising expenses and technical resistance levels have led analysts to advise caution on the stock's future performance.
- 01Hudco's net profit surged 172.2% to ₹1,981.31 crore in Q4FY26 compared to ₹727.74 crore in the same quarter last year.
- 02Total income for the quarter increased by 27% year-on-year to ₹3,625.07 crore.
- 03The company's total expenses rose by 63.7% to ₹3,004.06 crore, largely due to a net loss on fair value changes.
- 04Hudco's total loan book grew 28.76% to ₹1.60 trillion in FY26, up from ₹1.24 trillion in FY25.
- 05Analyst Harish Jujarey noted strong resistance for the stock around the ₹235–240 range and advised against new long positions.
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Shares of Housing & Urban Development Corporation (Hudco) experienced a significant decline of over 8%, reaching an intraday low of ₹205.07 on the National Stock Exchange following the release of its mixed Q4FY26 results. The company's net profit soared 172.2% to ₹1,981.31 crore, compared to ₹727.74 crore in the same quarter last year, driven by a 27% increase in total income to ₹3,625.07 crore. However, total expenses surged 63.7% to ₹3,004.06 crore, primarily due to a net loss on fair value changes of ₹466.40 crore. For the full fiscal year, Hudco reported total revenue of ₹13,150 crore, marking a 27.5% increase from the previous year. Despite these positive figures, analysts have raised concerns about the stock's performance, particularly due to strong resistance levels around ₹235–240. Harish Jujarey from Prithvi Finmart cautioned investors against taking new long positions, suggesting that the stock may face further corrections towards the ₹195 support level.
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The decline in Hudco's share price may affect investor confidence and could lead to reduced funding availability for housing and infrastructure projects.
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