Oct 19, 2016 04:22 PM IST | Source: CNBC-TV18

Buy HDFC, HDFC Bank: Ashwani Gujral

Ashwani Gujral of recommends buying HDFC and HDFC Bank.

Ashwani Gujral of told CNBC-TV18, "HDFC Bank has in fact gone through a fairly decent correction, both HDFC and HDFC Bank. These are good place to get in to these stocks even for the longer term. So, if you buy here may be at some point they will make fresh highs. This is a good decline; HDFC Bank has come off from Rs 1,300. Yesterday’s low was about Rs 1,230, so given that 5-7 percent correction is the max you get here. All of these should be brought, but a better buy is HDFC which has actually corrected more than HDFC Bank."

"Yesterday, we saw all these housing finance companies doing very well. So, all these kind of NBFCs are likely to do much better than private banks themselves," he added.
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