HDFC dropped 2.19% to Rs 1,423.10 at 14:35 IST on BSE, with the stock sliding on profit booking after recent rally.
Meanwhile, the S&P BSE Sensex was up 27.46 points or 0.09% at 29,005.48.
On BSE, so far 40,000 shares were traded in the counter as against average daily volume of 1.69 lakh shares in the past one quarter. The stock hit a high of Rs 1,463.25 so far during the day, which is a record high for the counter. The stock hit a low of Rs 1,418.50 so far during the day. The stock had hit a 52-week low of Rs 1,012 on 25 February 2016. The stock had outperformed the market over the past one month till 6 September 2016, advancing 8.54% compared with 3.2% rise in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 16.23% as against Sensex's 8.22% rise.
The large-cap company has equity capital of Rs 316.59 crore. Face value per share is Rs 2.
Shares of HDFC had rallied 7.17% in the preceding seven trading sessions to settle at Rs 1,454.90 yesterday, 6 September 2016, from its close of Rs 1,357.60 on 25 August 2016.
HDFC's net profit rose 37.5% to Rs 1870.73 crore on 19.4% growth in total income to Rs 8393.33 crore in Q1 June 2016 over Q1 June 2015.
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HDFC is India's first retail housing finance company and is currently one of the largest originators of housing loans in the country.
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