Daljeet Kohli, Head of Research at IndiaNivesh Securities Private Limited told CNBC-TV18, “HDFC has been the most consistent performer in the financial services space. They don’t give any chance to any analyst to speak anything against them. However, the only problem is that if you are not a holder of HDFC then you don’t get any chance to enter into it because at every price it will look extremely overpriced.”
“Even at Rs 870 now it is again four times book value. So by way of any parameters probably you will not be able to justify. However, if you are not looking at just the valuation number, you are looking at growth story and amongst the financial services, you are buying the best of the best then probably you have to be with HDFC,” Kohli added.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
