Monday, 15 December 2014

HDFC jumps over 3%

Housing Development Finance Corporation (HDFC) is trading higher on the BSE after media reported that Standard Life plans to increase its stake in joint venture HDFC Standard Life Insurance Company to 33 per cent from 26 per cent.

Now, the stock is trading at day's high of Rs. 1,107 - up 3.4 per cent. The BSE counter has witnessed trades of around 30,000 shares, against its two-week daily average volume of 70,000 shares.

Meanwhile, the BSE Sensex is down 70 points at 27,280.

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