HDFC can touch Rs 1000: Darashaw

Regan Homavazir, Associate VP-Technical Research at Darashaw is of the view that HDFC can touch Rs 1000.

May 15, 2013 / 15:06 IST

26 Aug, 2025 12:21

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Regan Homavazir, Associate VP-Technical Research, Darashaw told CNBC-TV18, "All the financials seem to hit some sort of a supply point. While the Nifty is showing the sort of resilience to the selling in the market, all these financials are at the selling point. So HDFC, HDFC Bank, ICICI - they have all come to their selling points. Another five percent above the selling points, they will again start to look very bullish."

He further added, "We have been holding a long term target of Rs 1,000 on Housing Development Finance Corporation (HDFC), we expect that to come. As far as ICICI Bank is concerned, we expect Rs 1,465 there. SBI, which has been a laggard in larger scheme of things, we are expecting it to turn into an outperformer above Rs 2,500."

first published: May 15, 2013 03:06 pm

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