HUDCO shares drop over 11% as govt cuts PM Awas Yojana-Urban budget by Rs 10,377 crore

Housing and Urban Development Corporation (HUDCO) shares dropped over 11% to Rs 192.5 in Monday’s trade on BSE after the government allocated Rs 19,794 crore for Pradhan Mantri Awas Yojana (PMAY)-Urban in the Union Budget for 2025-26. This represents a 34.4% cut, or Rs 10,377 crore, compared…