In-line rating on HDFC: Standard Chartered Securities

Rahul Singh, Head of Equity Research, Standard Chartered Securities told CNBC-TV18, “We have an in-line rating on HDFC. There are strengths and businesses growing well but the valuations are also reflecting that strength and that growth.”

“In my portfolio, I have private sector banks and I have HDFC at an in-line weight and that kind is a reflection of the fact that we don’t like the public sector space. We like the private sector space and HDFC as a holding finance company is also something which is growing much faster and managing the environment much better than the public sector banks,” Singh said.