HDFC group shares fall on profit-booking; HDFC, HDFC Bank slip up to 4%

HDFC Bank slipped 3 per cent to Rs 2,301 on the BSE in the early morning deals on concerns that sluggish auto industry and pressure in MSME and agriculture sector is likely to impact the growth.

Shares of HDFC group companies on Monday came under pressure, falling by up to 6 per cent on the BSE in the early morning trade on profit-booking.

Housing Development Finance Corporation (HDFC), HDFC Bank, HDFC Asset Management Company (AMC) and HDFC Life Insurance were down in the range of 2 per cent to 6 per cent on the BSE. In comparison, the S&P BSE Sensex was down 0.79 per cent at 38,034 level at 10:04 am.

Thus far in the calendar year 2019, all these four listed group stocks have rallied between 12 per cent and 53 per