HDFC is getting whipped badly by the FIIs as they are in a selling spree. However, Deepak Parekh, Chairman- of HDFC Ltd while speaking to Shareholders was optimistic and stated that India should be able to double its home loans to around US$ 600 bn within the next 5 years
He further added that despite the doubling of housing loans India's mortgage penetration would still remain low at ~ 13% of GDP.
So, the prospects of HDFC are bright, and thus add its shares as a systematic investment plan with every Rs 100 rising or falling. The moment Fiis stop selling they will again start buying Hdfc as it is their favorite stock.
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