HDFCBank - A good buy now…

Posted on May 28, 2008
Filed Under Investment Guide, Market News & Discussions, Todays Market |

HDFCBank is one of the widely spread banks with second largest market capitalization in India, followed by ICICI Bank. I am tracking the stock from the past 3 months and observing closely frompast 2 weeks. Right now, in the past 3 days it has fallen about 8% which is seeking the bottom if you look the price fluctuation from past 3 months. The dip of Jan-Feb period can be explained by various global reasons and overall bearish sentiment in the equity market, many many stocks fell about 10-15% during that period. But the current fall from the past 3 days which I am talking about is unexplainable and I find this a temporary short term fall. This is time to buy HDFCBank. Buying at levels of 1340 with stoploss at 1310 will be a good. Book some profits at around 1400.  I recommend holding period of 1-2 week after you buy. And above all, HDFCBank is fundamentally strong. It’s worth to have it in one’s portfolio.

Share This | Email this

Comments

• 
  

• More tasty articles for you!

  • RBI: Deposits in Indian banks are safe, not to worry!
  • Nestle to spend about Rs: 600 crore in India
  • TATA's face Singur farmers: But what's the exact problem in Singur?
  • What is consulting?
  • Franchise Business in India
  • Airbus views demand for 24 thousand aircrafts!

• Recent Posts

  • Financial Term of the day- “Preferred Equity Redemption Stock - PERC”
  • Oil can bounce back to $100 a barrel in a year: Pickens
  • What to do in such turbulent times?
  • Financial Term Of The Day- “Credit Score”
  • Warren Buffet to invest $5 billion in Goldman Sachs
  • Gold falls 20% in last month!!
  • Financial Term Of The Day- Joint Stock Company.
  • Software firm-Persistant Systems going for an IPO
  • India’s first Oil based Mutual Fund will be launched soon…
  • Financial Term Of The Day-”Funding Gap”

• More delicious food for you!

• 

• Home Delivery Of Latest Posts!

  Subscribe to this blog

  
  Subscribe By E-mail!
  You can also subscribe to Indian Equity Investment Guide by Email CLICK HERE!

• Subscribe to this blog.

  

• Search and you will find it... Neglect and you will loose it!

• Help me grow this blog into a beautiful website! - Please donate...

  Amount:
  
  Website(Optional):
  
  

• Recent Comments

  • Sunil Vaswani on Financial Term Of The Day- Joint Stock Company.
  • pooja on Warren Buffet to invest $5 billion in Goldman Sachs
  • pooja on Warren Buffet to invest $5 billion in Goldman Sachs
  • Anurag on Rupee Vs. Dollar..things are changing now!
  • What to do in such turbulent times? : Indian Equity Investment Guide on Gold falls 20% in last month!!

• Unique Visits

  

• DISCLAIMER!

  Author's posts and comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity, index or any other financial instrument and or security at any time. While he believes his statements to be true, they always depend on the reliability of his own credible sources.The author is not a registered stockbroker nor a registered advisor. The author believes that one should take his own investment decisions as he is the best judge of his risk taking appetite and other factors affecting his investments. Get information from every possible source but final decision should be yours.

• Blogroll

  • Business India News
  • Free Finance,Valuation,CFA Books