According to Ajay Srivastava, CEO, Dimensions Corp Fin Services, one may stay invested in HDFC Bank.
Ajay Srivastava, CEO, Dimensions Corp Fin Services told CNBC-TV18, "As the long-term investor, for the share HDFC Bank you stay put there. I think you will see correction coming through, but you stay put there because this is a long-term trajectory of the market and for the premium bank. You don’t go and sell this stock by and large. You must keep it in the portfolio."
"For the short-term traders of course like us part of our portfolio is short-term, we went short early morning on the Nifty Bank. I think it has been overplayed in the market and we think it will correct itself to some extent maybe today or tomorrow, maybe day after, but you don’t go and invest heavily in this market," he added.
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First Published on Feb 17, 2017 12:31 pm