This BSE small-cap top gainer climbed over 13 per cent today; do you own it?

The rally was majorly due to the positive results that the company posted for Q2FY23.

Despite the lacklustre session, shares of Housing and Urban Development Corporation (HUDCO) hit a new 52-week high on Wednesday, rising more than 13 per cent to Rs 47.35 per share. Besides, the volume increased 19.52 times.  

The rally was majorly due to the positive results that the company posted for Q2FY23. The company witnessed a 7 per cent rise in its net profit compared to Q2FY22. Another positive point from the results perspective was that gross non-performing assets fell to 3.8 per cent from 4.08 per cent year-on-year. The company has a loan book of Rs 78256.33 crore as of FY22. The net NPA of the company is 0.51 per cent for FY22, which is quite good. 

Housing and Urban Development Corporation (HUDCO) is in the business of lending to housing and urban development activities. The majority of the company's revenue comes from Andra Pradesh and Telangana, where the company operates at full capacity.  

In three trading sessions, the stock has returned more than 15 per cent to investors. It has delivered 31 per cent returns in one month and 44 per cent returns in 6 months.  

Investors should keep an eye on this stock.