I am refferring to following news,
News 1 >Status Change: Hudco may soon become infrastructure finance company – The Economic Times

• Hudco aims to transform into an infrastructure finance company (IFC) to access cheaper funds and reduce borrowing costs. (RBI) for approval decision expected within a month or two.This will allow Hudco an access to a larger investor base, enabling diversification of resource base and optimization of borrowing.
• To qualify as an IFC, at least 75% of assets must be dedicated to infrastructure lending, with additional criteria including a net worth of ₹300 crore, a minimum ‘A’ credit rating, and a CRAR of 15%.
• Hudco is interested in financing projects related to energy transition as part of its IFC transformation.
• The company has been pursuing IFC status for nearly two years and submitted its application to the RBI on March 29, 2022.

News 2>Budget 2024: Aim For 2 Crore More Houses In Next Five Years Under PM Awas Yojana, Says Nirmala Sitharaman

• The government plans to launch a housing scheme in the interim Union Budget for 2024-25.* for people in rented homes, slums, or unauthorized colonies, allowing them to buy or build their own houses.
• Aligning with the ‘Housing for All’ mission, encompassing PMAY-Urban and PMAY-Rural schemes.Fin. minister highlighted the construction of 3 crore houses under PMAY-Rural and proposed an additional 2 crore houses over the next 5 Yrs to meet growing demand.
• The Union Budget estimates for FY25 for PMAY stand at Rs 80,671 crore, as compared with FY24 budget estimates of Rs 79,590 crore for the “housing for all”
• ₹25,103 crore is designated for PMAY-Urban to accelerate the ‘Housing for All’ mission, while the remaining funds support the PMAY-Rural scheme.

Query
What could be the chances that HUDCO gets an IFC status ?
If it gets IFC can it be considered in the league of IREDA,REC,PFC ?
What changes for HUDCO future earning with additional allocation in the budget and if it gets IFC status ?
Can hudco be more than just a PSU rally and be a long term bet ?

D-Invested~70s on PSU momentum.

Ritco Logistics in FY23 Acquired 50-60 new fleet to venture new markets like steel sector. Plans to amplify its fleet by 150 trucks in 2 years. growth crossing 200 Cr in business for last 2 quarters. Projections this quarter Revenue expected beyond 250 crores & profit 10Cr. given the festive demand in this quater

GMR Q3 results
Consolidated financials :

1. Total Income: 9% QoQ growth,22% YoY growth driver by growth in traffic.

2. EBITDA : 4% fall QoQ, 16% growth YoY with EBITDA margins at 46%.

3. Loss of INR 4.9bn vs loss of 1.9bn in Q2FY24 and profit of 1 BN in Q3FY 24 impacted by higher depreciation and interest charges post operationalization of Goa Airport and completion of expansion of Delhi and Hyderabad Airports.

4. Domestic and international pax traffic of airports up 14% YoY and 23% YoY

5. International PAX traffic at 24% of total pax traffic in Q3FY24.

6. Delhi, Hyderabad and Goa cumulatively handled ~23% domestic and 35% international passengers of total India air traffic.

7. GMR group honoured with 6 prestigious awards at Wings India Award 2024.

The company looks interesting. As per credit rating as well, the key risk is commodity prices. They usually book orders for 3-5 months hence no major long term pending orders to keep safe from commodity price fluctuations.

Interest cost seems high.

Promising sector. But competition may be intensive.

Have a tracking position basis latest Q3 results that were very good.