HDFC Bank - DIIs cutting stake
I stumbled upon a thread here where everyone is going gaga over HDFC Bank stock. We all know it’s a quality bank but at the same time please do some research before going over-bullish. Two things worth noticing - 1. DIIs cutting their positions, they know many things which retailers are unaware. Yes, merger would have resulted in some offloading from passive funds but 3% is significant 2. Prashant Jain (3P investments, ex-HDFC AMC) has also viewpoint that valuations were bumped up and now stabilising. My overall comment is - Yea, it’s a good stock to own but don’t put all your eggs in one basket.
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