HDFC Bank - Will it shine this year - We think so and also will lead to change in fortunes of several underperformers that have been holding this stock in hordes
• Global markets recovered as tensions eased on the Israel / Iran front, with both countries calling a victory.
• The Nasdaq has inched up beyond 20k as Nvidia also moves to all-time highs (We had recommended 2 exits around 19,500 over the past quarter, and incrementally we would want to hold on to the residual positions for now as this continues to be the best bet for participating in big tech).
• The Nifty also closes in on 26k and is within sniffing distance of all-time highs - Most market participants are getting this move wrong, and hence so critical to continue to stay put in equities for long-term goals, ignoring short-term noise.
• FII's have been buyers this week, leading to the move up as the INR also gained due to FII inflows.
• Incremental lump sums at this stage we would recommend largely through balanced funds while as mentioned earlier no change in SIPs. STP of lump sums we could take a decision of pausing (Beyond or around 26k Nifty levels, only in some cases where equities are fairly allocated).
A massive trend indicating how employment is changing - New graduates’ unemployment rates Vs all graduates - the share of new graduates getting employment is increasingly lower. A shift that will have enormous ramifications
As HDFC Bank moves to all-time highs, attaching the book highlights of HDFC Bank 2.0 - describing how the bank was built by Aditya Puri and the team
HDFC Bank 2_0-Notebook.pdf
91.20 KB • PDF File
