HUDCO Shares Plunge 12% as Budget Fails to Deliver on Housing Hopes

Shares of HUDCO plummeted 12% to an intraday low of ₹191.21 following the Union Budget 2025-26, which failed to deliver anticipated policy support for affordable housing and reduced capital expenditure. Investors reacted negatively to the government's allocation of ₹19,794 crore for the Pradhan Mantri Awas Yojana (PMAY)-Urban, a significant cut from last year's budget. Despite posting a robust net profit of ₹735 crore for Q3 FY25, market sentiment remains bearish as traders brace for further declines amid a lack of decisive measures to stimulate the housing sector. 
Source: Financial Express.