HDFC Group shares falter: HDFC at 6-month low; HDFC Life hits 52-week low

HDFC, HDFC Bank, HDFC AMC and HDFC Life were underperforming the market by falling in the range of 3 per cent to 4 per as against a 1.7 per ent decline in the S&P BSE Sensex.

Shares of HDFC Group companies witnessed heavy selling pressure in trades on Monday. All the four listed firms, Housing Development Finance Corporation (HDFC), HDFC Bank, HDFC Asset Management Company (AMC) and HDFC Life Insurance Company were underperforming the market by falling in the range of 3 per cent to 4 per cent, in comparison, the S&P BSE Sensex was down 1.7 per cent at 57,644 points as of 01:45 pm.

Among the individual stocks, HDFC Life hit a 52-week low of Rs 600.15, down 4 per cent, it slipped below its previous 52-week low of Rs 615.80 hit on January