Receive up-to-the-minute news updates on the hottest topics with NewsHub. Install now.

Hold HDFC Bank, advises Avinnash Gorakssakar

21 April, 2017 9:54 AM
32 0

Avinnash Gorakssakar recommends holding on to HDFC Bank.

Avinnash Gorakssakar, Market Expert told CNBC-TV18, "I think one should hold on to HDFC Bank because clearly from the kind of financial numbers reported for Q4, the bank has reported a very robust set of numbers both on the asset quality side as well as on the income and profitability side. Our sense is that FY18 should be a lot better once we see clearly the macro recovery happening and in all probability FY18 should be a much better year as compared to FY17. Longer-term, significantly more wealth can be created. Even from the current level, one should hold on."

At 15:22 hrs HDFC Bank was quoting at Rs 1,497.00, up Rs 35.05, or 2.40 percent.

Also read: Banking Transactions That Could Be Considered Suspicious: 10 Points

Source: moneycontrol.com

Share in social networks:

Comments - 0