HDFC Bank

What should i do now

Posted by : Leave it.

My dear Dipam Chatterjee,
well. It is a good investment and the price is reasonably good. As you say that you are a student, I consider you as my son(I am 70 years old),I would like to suggest a few basic rules.
1. Never put more than 15 to 20 % of surplus funds.
2.Don't borrow money for investments (ie. don't enter F & O segments)
3. Put a target for buying and selling the shares without attaching sentiments.
4.Always we have to buy in lots for the available funds to have an average cost of the lot we hold.
5.Observe a share for a minimum of six months with the opinion of all and the final decision should be yours.
6. If married,
(a). do all the transations in the joint names of your self and your wife.
(b) Brief her with details of all your share and bank investments
c. Have her as nominee for your DP and bank accounts.If convenient take her with you while you do business in the trading house or bank.
d. If you income is over 3lacs pa. open one PPF account in SBI or some of the permitted PSU banks for regular saving habits.You can save Rs.70000 per year in 12 instalments in a year. Deatils are available in SBI website under Govt. schemes.

7. Last but not not least HAVE FIVE TIMES YOUR MONTHLY GROSS EARNINGS IN YOUR SAVINGS BANK(JOINT) ACCOUNT TO MEET ANY UNFORSEEN CIRCUMSTANCES.THEN CONSIDER INVESTMENTS IN SHARES.

Something within me made me to mail this to you. If I have trespassed into your personal area, kindly excuse this old man. But think about what I have printed for you.
with all my best wishes,
v.krishnamoorthy

Investors dump pvt sector bank stocks,

Posted by : Leave it.

To Karunas

In one week the nifty has come down to 3985. The bank can create wealth.What about our money invested?
So for the past six months, I fix a target to buy and sell on every transaction. The movements of the price are in the hands of the traders or they will put it on FIIs or DIIs. Whenever the rates give me 15% return, I have a deal without attaching sentiments.

The Bank is to publish second quarter results by 15th oct. Let us see what it is. For the next six months, the ups and downs will be of speculative in nature and according to the pressure of the international scene.So I do not give importance now to the index and I see only the rates that I have fixed as target. I just place my approach for the trading as on date.
If you scrol though the posts in\\\\

Investors dump pvt sector bank stocks,

Posted by : KARUNAS

Isnt this 4750 a good level to get out, if achieved. One may start off-loading after 4500 levels and wait for the next bearish phase which has to be there before election. But our banking secter looks to be on strong footings and one may keep then a not much blood-shedding may be there and may be the bottons have been tested currently and if bought at that levels, nothing to worry, will create wealth.

What should i do now

Posted by : Guest

good morning maam I am Dipam Chatterjee, student i have bought 100 shares of HDFCBANK @ 1285, I want to know the levels.

BEST Retail Bank

Posted by : Leave it.

To NRE Investor

I read the contents just now. I want to share my experiences.

As a bank, it is good and give their best srvices. If you know somebody, as in any Indian Istitutions, things will move quickly.

As regards the demat services,the general rule under civil law is that the agent is just a substitute for the principal and the principal is squarely responsible for all the commmission and ommission of the agent.
Here the DP has acted on your behalf. Just like an agent. You have to apply for the duplicate certificate as per the terms of the company and get it. In your case the DP is not necessary to meet the expences even.Just consider a ch. put for collection and lost. The bank is not responsible for the value involved and will give you a letter that the same taken for collection is lost and not fully processed to credit the proceeds in your/any other account. I got a dividend warrant for over 750 rupees from Goddlass nerolac long back. There I got this experience In Bank Of India.

In Madura Mills Ltd , I presented the certificates for transfer in their office at Madurai directly and the company lost it. When I produced their acknowledgement, they issued a notice in the press and issued a duplicate certificate at their cost. Of course, they got an indemnity letter from me that I will surrrender the old one, if I came across by chance.

When I purchased the shares of Calico mills, My Brokers at Chennai M/s. Dalal & co lost my certificate while they were sending it for transfer. They accepted the issue involved and requested me to apply for the duplicate. When I wrote to the company, I got a reply that the shares are not yet transfered in your name and I had to retrace the stps through my broker. Dalal agreed to the point and replied that they have to take up the matter with the original broker and in the mean time, he will purchase the shares from the open market and settle my dues including transfer. they did so.

Just think what will we do if it is sent by registered post and lost in transit.We complain to the post office and then we have to bear with their reply that they are not responsible, as it is not insured.

As you(we) normally give the share certificate and 'DRF' form, there is a very thin chance for forging a transfer deed, to get the shares transferred in that fellow's name. When I am delivering the documents, I insist the counter clerk at the DP office to put their stamp in the share certificate--"Cancelled for demating the contents" and then leave with their acknowledgement.

For my brother, the DP wanted to take his own time to cancel the certificate and gave the ack. only. That case went through well. From the next time onwards, I advised him to cancel the certificate before presenting the papers.

So,You can derive your own decision out of my experience. I am a retired LIC official,now in USA and a student of actuary.

v.krishnamoorthy

BEST Retail Bank

Posted by : NRE Investor

HDFC BANK - ETHICS, PROCESS, EFFICIENCY, PEOPLES SKILLS:
I handed Dr. Reddys Laboratories original share cert. + transfer forms, duly executed, for dematting. For 14 (fourteen) weeks they did not demat my shares. Meantime, Dr. Reddys issued Bonus 1:1 in Sept. 2006 which came in physical form. I had a lengthy exchange of E-mails with HDFC and one Mr. Balkrishnan, HDFC, Kamla Mills Compound, Lower Parel, Mumbai, almost treated matter as closed on his presumption only. I gave them the proof of my shares delivery to HDFC and thereafter he stopped replying my E-mail. When I approached the HDFC Branc I have account with, their representative ORALLY said it is his mistake and he said, if I press further, he will pay from his pocket - bank will not pay. Todate matter is remaining as it is.

This is just to show an example of their Ethics, Process, Efficiency and Peoples Skills.

REGARDS
NRE INVESTOR
SARVAM KRISHNAARPANAM

BEST Retail Bank

Posted by : NRE Investor

HDFC BANK - ETHICS, PROCESS, EFFICIENCY, PEOPLES SKILLS:
I handed Dr. Reddys Laboratories original share cert. + transfer forms, duly executed, for dematting. For 14 (fourteen) weeks they did not demat my shares. Meantime, Dr. Reddys issued Bonus 1:1 in Sept. 2006 which came in physical form. I had a lengthy exchange of E-mails with HDFC and one Mr. Balkrishnan, HDFC, Kamla Mills Compound, Lower Parel, Mumbai, almost treated matter as closed on his presumption only. I gave them the proof of my shares delivery to HDFC and thereafter he stopped replying my E-mail. When I approached the HDFC Branc I have account with, their representative ORALLY said it is his mistake and he said, if I press further, he will pay from his pocket - bank will not pay. Todate matter is remaining as it is.

This is just to show an example of their Ethics, Process, Efficiency and Peoples Skills.

REGARDS
NRE INVESTOR
SARVAM KRISHNAARPANAM

Investors dump pvt sector bank stocks,

Posted by : patelnishar

I see more pian left in banking sector. Do not buy on these rallies as this is the best time to sell. Dont know how one statement from Finance minister can change the market fundamentals. We are still at 12% inflation and the impact of the same would be seen in Q2 and Q3. Will like to see the valuations and re rating then. Cannot buy a stock at 17 or 18 PE multiples in such markets. Would recommend selling on every rally. Markets would not cross 4750 any how. If they do then be ready for another crash like January as manipulations would overcome valuations.

Investors dump pvt sector bank stocks,

Posted by : Guest

in my opinion HDFC Bank will touch 1000 by oct end.

Investors dump pvt sector bank stocks,

Posted by : Leave it.

Investors dump pvt sector bank stocks,take to public sector.
Sat, Sep 20 01:50 AM
If you were invested in the conservative, public sector banks, it is now your turn to don that smug smile.The looming crisis in the US financial sector has left a clear division among the stock exchange-listed banks in India.
While public sector banks have given positive returns in the last fifteen days, the darlings of the private sector have fallen behind the average. According to Bloomberg data compiled by Hindustan Times, public sector banks have quietly begun leaving their private brethren behind since the big banks started failing in the US. In the last fifteen days, a slew of big banks and insurance companies have ended in deep trouble after their ability to pay back debt suffered serious blows.
Banks, including ICICI, HDFC, Federal Bank and Yes bank, have on an average lost money, while state-run State Bank of India, Union Bank and Bank of Baroda have shown high single or even double-digit growth. "Private sector banks, led by ICICI Bank are suffering due to the exposure to foreign debt, and there is a lack of clarity in their disclosures," said Bhavesh Kanani, analyst, Sharekhan, a Mumbai-based market advisory.
"There is widespread feeling that bad news is not over yet," he added. There is however, some good news.
Since the exposure to bad debt is not very widespread, and that bond yields have come down, private bank stocks may begin to look up once again soon. "All said and done, the Indian market still has less exposure to riskier instruments.
So in the long term, outlook is good," said Rajiv Sampath, a Mumbai-based independent investment advisor. The real issue, according to experts, is the fear of delinquencies by the private sector banks.
Though there is little in terms of risk associated with the banks that has been declared, the sheer size and influence of banks such as ICICI means any bad news that comes from ICICI depresses the mood of investors. "The government has put in place checks and balances, however, there is no restrictions in investment decisions made by banks," Kanani said.
v.krishnamoorthy