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HDFC slipped 2.4% to Rs.1,075. The stock is top Nifty losers. The company proposed to make an additional one-time special provision of Rs. 450 crore during the quarter ending March 31, 2016, which is subject to board approval.
The scrip opened at Rs. 1102 and has touched a high and low of Rs. 1110 and Rs. 1067 respectively. The stock is currently trading below its 200 DMA.
Housing Development Finance Corporation Ltd:
Housing Development Finance Corporation Ltd