Business Standard

HDFC tumbles after Goldman Sachs downgrade to 'sell'

Goldman Sachs alo reduced target price on stock citing growth concerns

SI Reporter  |  Mumbai 

Housing Development Finance Corp, country's biggest mortgage lender, declined nearly 2% in early trades this Friday after global brokerage firm cut its rating to 'sell' from 'neutral' citing concerns India's economy would recover at a "modest" pace and the prospect of rising competition.

Goldman also downgraded its target price on to Rs 740 from Rs 790.

At 9:40AM, HDFC shares fell  1.7% to Rs 801.25 today.

RECOMMENDED FOR YOU

HDFC tumbles after Goldman Sachs downgrade to 'sell'

Goldman Sachs alo reduced target price on stock citing growth concerns

HDFC tumbles after Goldman Sachs downgrade to 'sell' Housing Development Finance Corp, country's biggest mortgage lender, declined nearly 2% in early trades this Friday after global brokerage firm cut its rating to 'sell' from 'neutral' citing concerns India's economy would recover at a "modest" pace and the prospect of rising competition.

Goldman also downgraded its target price on to Rs 740 from Rs 790.

At 9:40AM, HDFC shares fell  1.7% to Rs 801.25 today.
image

LIVE MARKET

BSE

  ( %)

NSE

  ( %)

Widgets Magazine

More News

STOCK WATCH

Company Price() Chg(%)
3M India 11493.25 13.47
Zensar Tech. 958.00 9.86
Geometric 164.90 8.99
Lycos Internet 29.30 7.13
P & G Hygiene 5864.35 6.91
> More on BSE Gainers
Company Price() Chg(%)
3M India 11532.80 13.78
Kolte Patil Dev. 118.00 12.17
Geometric 165.05 9.45
Zensar Tech. 958.75 9.35
Lanco Infratech 6.15 8.85
> More on NSE Gainers
Company Price() Chg(%)
Indo Count Inds. 1096.90 -9.70
Claris Lifescien 161.90 -7.38
Inox Wind 273.80 -7.19
Sequent Scien. 807.25 -6.60
Sobha 268.30 -5.89
> More on BSE Gainers
Company Price() Chg(%)
NDTV 95.15 -9.08
Sona Koyo Steer. 46.40 -7.11
Inox Wind 273.95 -7.04
Sobha 268.85 -5.72
Federal-Mogul Go 320.15 -5.59
> More on NSE Gainers
Widgets Magazine
Widgets Magazine
Widgets Magazine

Derivatives

Index
Instrument Type
Expiry Date
Option Type
Strike Price