To be honest we love this banking stock and this stock is a buy-in every downtrend and gives you an opportunity to add a good stock to your portfolio.
We are referring to HDFC bank which has a good track record, robust systems, and practices in place with happy and satisfied clients. We see its likely targets as 1700/1800/2000 in near future and add this stock as a systematic investment plan.
As a disclosure this stock is held by our clients with a long-term perspective as HDFC bank is likely to get most benefitted with the announcement by FM that PSUs can park their funds with private sector banks and HDFC bank is going to get the bulk share. Govt has also allowed private sector banks to participate in govt related business like a collection of taxes, pension payments, and small savings scheme.
You can know more about our short term investment tips or Bank Nifty Option tips here and start making money like professionals.
Just note that we had recommended HDFC bank in Jan 21 also and the analysis on HDFCbank in Jan 21 can be read here.
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