HUDCO share price: The stock surged 18.27 per cent to hit a one-year high of Rs 162.80. It eventually settled 15.33 per cent higher at Rs 158.75. The multibagger scrip has zoomed more than 215 per cent in a year.
Currently, Hudco is on the verge of a consolidation breakout. Shah emphasizes that yesterday, the stock witnessed above-average volume, a sign of accumulation before an actual breakout occurs.
For the upcoming Budget, analysts said the market would prefer fiscal prudence, though some populist measures in the wake of upcoming Lok Sabha elections cannot be ruled out.
For the upcoming Budget, analysts said the market would prefer fiscal prudence, though some populist measures in the wake of upcoming Lok Sabha elections cannot be ruled out.
The BJP government has initiated various measures to increase the operational autonomy of the PSU companies and proposed significant reforms and divestment in these companies. Shares of power sector lenders REC and Power Finance Corporation have climbed 252 per cent and 241 per cent, respectively, in 2023, so far.