Patna to raise Rs 200 crore via municipal bonds
HUDCO moved higher with October 30 in focus.
· Economic Times Markets
The Patna Municipal Corporation is set to launch ₹200 crore worth of municipal bonds, with bids opening on October 30. This move marks Bihar's inaugural bond issuance, sparking renewed enthusiasm for municipal bonds. Meanwhile, Kanpur Nagar Nigam is also gearing up to issue ₹125 crore soon.
Key facts
- Dates in focus
- October 30
The analysis
HUDCO reported Rs 200 crore and ₹125 crore. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is +2.4% on the day at ₹146.82, and has returned -24.5% over three months. It sits 40% below its 52-week high, which means a good deal of bad news was already in the price. The financial services sector has moved -14.3% over the same period, so HUDCO is running 10.2 points behind its peers.
For HUDCO, the question is how much of this is already reflected in the price and how much re-rates the financial services peer set alongside it.
Market context
- In focus: HUDCO (HUDCO), in Financial Services.
- Over three months: HUDCO -24.5% against Financial Services -14.3% (10.2 points behind).
- At least 25% below the 52-week high: HUDCO (40%).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| HUDCOHUDCO · Financial Services | ₹146.82 | +2.4% | -12.9% | -24.5% | -39.8% | 0.9× | — |
Financial Services
1M -9.6% · 3M -14.3%
HUDCO
Prices as of 28 Oct 2026, 16:11 IST. Sector moves are the average of the stocks we track in each sector.
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