Shares of Housing & Urban Development Corporation (HUDCO) surged over 8% on November 25, marking the largest increase in seven weeks, following the BJP-led Mahayuti alliance's decisive victory in Maharashtra elections. Analysts anticipate that this political stability will enhance capital expenditure plans and boost infrastructure development, benefiting PSU stocks linked to the government. With a unified BJP leadership in both Maharashtra and at the Centre, there is optimism for improved focus on state-specific issues and expedited infrastructure spending.
