Is HDFC Bank signalling more than what is visible? 6 private sector bank stocks, 4 of which may give returns above 26% in 1 year
The HDFC bank stock has attracted a lot of flak because it has not delivered returns in the past three years. Now consider this: The Nifty and Sensex have lost 8% in just the past two months – and the HDFC Bank stock is at its 52-week high. This, despite the stock being among those with the highest FII ownership – and the counter where they were strong and consistent sellers since the current phase began in October. So, has the ownership adjustment amongst FIIs – which began with the merger of HDFC Limited with HDFC Bank – been sorted out? Читать дальше...