AajKe 2000: Here is why Anil Singhvi has given 'BUY' call for this stock today

In a sensational new development that has been reported exclusively by Zee Business, it has been reported that Centre will provide a big boost to homebuyers, Real Estate sector as well as housing finance companies. This booster shot will come in the form of providing infrastructure sector status to Real Estate as a pre-budget gift as well as giving tax rebate to homebuyers. Citing Union Finance Ministry sources, the exclusive report said that the development, which is under discussion, will prove to be a booster dose for the economy as a whole. This report has had a big stock market impact today!It has caused especially the shares of housing finance firms and real estate and infra companies to jump magnficently. 

Citing the latest development, Anil Singhvi, Managing Editor, Zee Business, today gave a 'BUY' call for Hudco stock under the AajKe 2000 show, adding that the public sector company is involved with the infra sector as well as finance and therefore, it is the most suitable firm to get the maximum attention going forward.

HUDCO share price today gained 13% in the market was trading above Rs 40, when Market Guru Anil Singhvi gave a buy call for this stock. According to Singhvi, the first target should be Rs 42 or between Rs 44 and Rs 46 with a stop loss of Rs 40.50 or Rs 40.75.

जानिए #AajKe2000 में अनिल सिंघवी ने क्यों दी HUDCO में खरीदारी की राय। @AnilSinghvi_ pic.twitter.com/ji7tSEqtXt

— Zee Business (@ZeeBusiness) October 31, 2019

Singhvi said that the company has a perfect combination as it extends finance to real estate, adding that buyers will have nothing to lose. While giving a buy call for HUDCO, he also cited an earlier suggestion related to Shipping Corporation of India (SCI), which has gained a lot since then.

With its motto of "Profitability with Social Justice", Housing and Urban Development Corporation Limited (HUDCO) is a Public Sector Company under the Ministry of Housing and Urban Affairs (MoHUA). It has been a key partner with the government in building assets for the country, and its operations involve an emphasis on the housing need of Economically Weaker Sections (EWS) and Low-Income Groups (LIG).

HUDCO has extensively contributed in the rehabilitation of the calamity affected households, through its technical and financial help for housing and reconstruction.

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The HUDCO provides finance for setting up of new towns and also works as consultancy services for the projects of designing and planning relating to Housing and Urban Development programmes in India as well as abroad.