Hdfc Bank merger with hdfc
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the hdfc bank is going to merge with hdfc becoming the highest weight stock in Nifty 11.8 surpassing reliance. The total m.cap is 12.8L crores.
is it buy call?
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i have been eyeing this stock when sensex at 52k, to start afresh. I somehow has feeling that the financial health of current market is not good and inflation is around corner. Looks like no fear in the market about this or i am too pessimistic.
I invested a lot in nifty bees when nifty went to 15800, already 13% return since then… and thankfully that support was respected.
All stocks were ripe for investment back then, including HDFC which had touched 2100 or 2200 levels.
Will wait for market to touch new ATH and see if it sustains or reverses.
Dont go in now
Wait and watch
sure
profit booking and petrol prices pulling down.
A recent analysis shows the merger might bring meager benefits to customers. As 80% of bank customers are not hdfc customers and vice-versa.
Mostly its consolidation of customer base and internal operations cost reduction and mine existing customers only.
lets see
whatever was supposed to happen already happened.
Stock zoomed 15% and hit upper circuit, followed by profit booking.
Short term Now it can go anywhere up or down.
Longterm it will increase obviously