HUDCO Rises 3% on Bihar MoU; Hexaware Falls 3%

Housing and Urban Development Corporation shares rose around 3% after the company signed a Memorandum of Understanding (MoU) with the Government of Bihar to provide financial assistance of up to Rs 25,000 crore over five years. The funding will support the development of industrial infrastructure in Bihar, including land acquisition for projects. Meanwhile, Hexaware Technologies shares fell around 3% after the company announced a change in its top leadership. Vivek Jetley has been appointed as CEO-designate and will assume the role of CEO on October 28, 2026. Current CEO Srikrishna Ramakarthikeyan will step down as CEO and from the Board of Directors on the same date, while continuing with the company as a senior adviser to facilitate a smooth leadership transition. The contrasting moves put HUDCO and Hexaware Technologies in focus, with investors tracking the potential impact of HUDCO's Bihar financing agreement and Hexaware's leadership transition. The developments are among the key stock-specific events being watched in the market on September 3.