Mumbai, October 29 (Udaipur Kiran) — Shares of Housing and Urban Development Corporation (HUDCO) were trading higher on Tuesday after the company announced that it had signed a Memorandum of Understanding (MoU) with the Indian Institute of Management, Calcutta (IIMC) to collaborate on academic and technical initiatives.
The stock was trading at ₹227.70, up ₹1.65 or 0.73%, from its previous close of ₹226.05 on the BSE. The scrip opened at ₹227.60 and touched an intraday high of ₹228.35 and a low of ₹224.95. So far, 52,820 shares were traded on the counter.
The BSE Group ‘A’ stock, with a face value of ₹10, has a market capitalization of ₹45,292.99 crore. It has touched a 52-week high of ₹263.95 (on December 17, 2024) and a 52-week low of ₹158.90 (on March 3, 2025). During the past week, it has traded between ₹230.80 and ₹224.75.
The company’s promoter holding stands at 75%, while institutional investors and non-institutional investors hold 12.86% and 12.14%, respectively.
Details of the MoU
The non-binding MoU, signed on October 28, 2025, aims to establish technical collaboration between HUDCO and IIM Calcutta by jointly conducting activities in the fields of training, education, research, and capacity building.
Under this partnership, both institutions plan to offer certificate courses, undertake consultancy assignments, and participate in fee-based projects and professional services in their shared areas of expertise.
The MoU will remain effective for three years from the date of signing and will be reviewed annually for modifications or amendments based on mutual consent.
About HUDCO
Housing and Urban Development Corporation (HUDCO) is a government-owned financial institution that provides funding for social housing, residential real estate, and urban infrastructure development. The company primarily lends to state governments and their agencies, which further utilize the funds to benefit individual homebuyers and housing projects.
This strategic tie-up with IIM Calcutta is expected to strengthen HUDCO’s role in knowledge exchange and institutional capacity building, aligning with its mission of promoting sustainable urban development and affordable housing across India.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.