Goldman Sachs downgrades HDFC to 'sell' from 'neutral'

Goldman Sachs downgrades HDFC to 'sell' from 'neutral' Zeebiz Bureau

New Delhi: Goldman Sachs cut its rating on Housing Development Finance Corp Ltd to "sell" from "neutral", a news wire has reported.

Goldman also downgraded its target price on HDFC to 740 rupees from 790 rupees.

Shares of HDFC were trading at Rs 812 in BSE, down 2.39% from its previous close of Rs 815 while in NSE the stocks were trading at Rs 811, down 2.02% from its previous close of Rs 815.

With Agency Inputs