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Expressing her views on CNBC Awaaz channel, Sushli Kedia, founder of Kedianomics, said, big targets are being given for HDFC Bank shares but the stock is not giving good signals on the technical chart, so the market needs to be cautious. She said that it would be right to buy HDFC Bank shares at the level of Rs 1200.
Bank Nifty fell as HDFC Bank fell - HDFC Bank's stock has fallen by 2.5 percent. Bank Nifty has fallen 1000 points due to this fall.
According to the data released on the exchange, the foreign ownership limit in HDFC Bank was 55.51 percent in the September quarter. At the same time, the foreign ownership limit was 54.83 percent in June. On this, the brokerage house says that there is a possibility of increase in investment in the stock. Because the first phase of MSCI flow came in September 2024. The second phase of MSCI flow may happen in the November review. If a decision is taken on this, then new purchases will be seen in the stock. Block deals happened in HDFC Bank - A block deal of 23.1 lakh shares was done in HDFC Bank. Another block deal of 47.4 lakh shares was done in HDFC Bank.
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