Moody's downgrade HUDCO's rating

Moody's Investors Service, Singapore, vide its press release dated June 1, 2020, has downgraded India's "Baa2" Sovereign rating to "Baa3" with Negative outlook.

In line with India's "Baa3" Sovereign Rating, Moody's Investors Service, Singapore, vide its press release dated June 2, 2020, has downgraded the ratings of Housing and Urban Development Corporation Ltd. (HUDCO) to "Baa3" from "Baa2" level with Negative outlook.

Shares of Housing and Urban Development Corporation Ltd was last trading in BSE at Rs.24.45 as compared to the previous close of Rs. 24.55. The total number of shares traded during the day was 137858 in over 566 trades.

The stock hit an intraday high of Rs. 25.2 and intraday low of 24.3. The net turnover during the day was Rs. 3427297.

Source : Equity Bulls

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