Business Standard

HDFC tumbles after Goldman Sachs downgrade to 'sell'

Goldman Sachs alo reduced target price on stock citing growth concerns

Related News

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.

Read more on:   
|
|

Read More

Gujarat Gas gains on strong Q3 performance

Gujarat Gas gains on strong Q3 performance

Recommended for you

Advertisements

Quick Links

Market News

Akzo Nobel gains as net profit rises to 88%

The company posted 87.85% jump in net profit at Rs 50.74 crore for the quarter ended Dec 31, 2014

Sensex below 29,300; financials crack

Sensex is down over 403 points at 29,278 and the 50-share Nifty is down 112 points at 8,840

SKS Microfinance gains on strong Q3 earnings

The company net profit in Q3FY15 is around 92% higher than the same quarter last fiscal

Dr Reddy's Labs slumps on disappointing Q3 numbers

The stock opened at Rs 3,365 and touched a low of Rs 3,200 on the BSE

ICRA gains after Q3 net up 21%

Net profit for the quarter ended December 2014 was up 21% at Rs 18 crore helped by strong growth in other income.

 

Back to Top