HUDCO board approves ₹1.35 second interim dividend
In short
HUDCO’s board approved a second interim dividend of ₹1.35 per share for the current financial year.
The stock had already jumped 6% after strong topline growth, better asset quality, and improved margins. The report does not give the full quarterly numbers or say when the dividend will be paid.
What the reporting says
HUDCO’s board approved a second interim dividend of ₹1.35 per share for the current financial year, and the stock had jumped 6% after reported strong topline growth, improved asset quality, and margins. The available reporting does not state the exact Q2 numbers or the ex-dividend date. The immediate consequence is a cash return to shareholders and a positive market reaction.
Why it matters
HUDCO’s board approved a second interim dividend of ₹1.35 per share for the current financial year, and the stock had risen 6% on the back of reported strong topline growth, improved asset quality, and margins. The reporting does not provide the full quarterly figures or payment timing. The move is relevant to PSU investors because it combines operational improvement with a shareholder payout, though the precise financial details are not stated.