Avinnash Gorakssakar recommends holding on to HDFC Bank.
Avinnash Gorakssakar, Market Expert told CNBC-TV18, "I think one should hold on to HDFC Bank because clearly from the kind of financial numbers reported for Q4, the bank has reported a very robust set of numbers both on the asset quality side as well as on the income and profitability side. Our sense is that FY18 should be a lot better once we see clearly the macro recovery happening and in all probability FY18 should be a much better year as compared to FY17. Longer-term, significantly more wealth can be created. Even from the current level, one should hold on."
At 15:22 hrs HDFC Bank was quoting at Rs 1,497.00, up Rs 35.05, or 2.40 percent.It has touched a 52-week high of Rs 1,498.00.