Share Market: The share of HDFC Bank is trading close to Rs 1700. In recent days, there has been a great rise in the stock of this private sector bank. Many market experts are expecting a further rise in the stock in the short term. A breakout has been seen in the stock above Rs 1600.
HDFC Bank’s IPO (Initial Public Offering) came in the year 1995. Even after this, this stock was trading in double figures for a long time. But the investors who bought shares in HDFC Bank during that time and still have them in their portfolio are getting multibagger returns.
Investors who had invested one lakh rupees in HDFC Bank shares 22 years ago, as of today, their investment has crossed Rs 1.7 crore i.e. 16950 percent return in 22 years on HDFC Bank shares. Investors have got it. Investors who would have bought shares of HDFC Bank even 5 years ago, their investment has doubled to Rs 2.65 lakh.
But market experts are still very bullish on HDFC Bank’s stock. Experts say that when the market is trading at a record high, if there is a big fall in the market from here, then investors should invest in the shares of HDFC Bank, in which there will be very little scope for a huge fall.
Anyway, the shares of HDFC Bank, ICICI Bank in the private sector and SBI (State Bank of India) in the public sector are the first choice of foreign investors. Those who have been buying these stocks continuously for the past several years.
Disclaimer: (The information provided here is for informational purposes only. It is important to mention here that investing in the market is subject to market risks. Always consult an expert before investing money as an investor. Anyone from ABPLive.com Also investing money is never advised here.)
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