Dilip Bhat of Prabhudas Lilladher told CNBC-TV18, "The way the markets have flied up there is good amount of buying and there is an exchange-traded fund (ETF) buying that is what we understand. Probably in that entire scheme of thing HDFC fits in very highly over there. However, today we have seen that a lot of the housing finance companies have really being doing pretty well whether it is HDFC, LIC Housing Finance even Indiabulls Housing Finance all of them had done pretty well."
"HDFC for couple of reasons may be there is insurance angle to it plus they are also taking about possibly in future or may be in the near future HDFC Bank and HDFC getting together. Who knows, right now it is still in the real more speculation but that is a very strong possibility. All in all HDFC still from the current level does not appear to be overly expensive even from the current levels. It has moved a quite a bit in the last three to four months but as a part of your core portfolio it certainly deserves a place for next couple of years," he said.
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