Prefer HDFC Bank over HDFC: Siddharth Bhamre

Siddarth Bhamre of Angel Broking told CNBC-TV18, "HDFC Bank is showing good strength. In fact this is buy on dips stock for us and if market corrects and remains at current level then also we would go ahead and buy."

"In HDFC we have seen very less rollovers happening this time also. Generally we have seen that whenever there are very less rollovers in HDFC, it shows a small dip. So, probably this would again qualify as buy on dip. However that dip can take the stock to probably Rs 1100 which is Rs 50 from current level. So, I would not buy HDFC right now. I would prefer HDFC Bank over HDFC Limited," he said.