Shares of HDFC were down 2.4% at Rs 1,075 on the Bombay Stock Exchange after it said that it is planning to make an additional one-time special provision of Rs 450 crore in the fourth quarter ended March 31, 2016, to further strengthen its balance sheet.
The mortgage lender in a release said that it would utilise part of the exceptional gains to build an additional buffer against any unexpected risk in the future.
The provision is on standard assets and the company holds adequate security in respect of all loans, the release added.
The stock opened at Rs 1102 and touched a low of Rs 1,067. At 1:20pm, over 3.2 million shares were traded on both the stock exchanges.
