Dear Harsh,
2+ years back you invested in HDFC Bank, later and I could see you reduced the position size to 2% from 4% and remained there since.
Now many things changed including the merger. I could see historical PB is close to lowest of 10+ years near 3. How do you see HDFC bank going forward. You seem to have taken 4 year point of view and 2.4 years already passed. How do you view HDFC bank in the light of the merger and leadership changes? What would make you to increase the investment to 4% or on the other side to exit the position from current 2%
Note: I recently invested about 3.2% of PF on reversion to mean as I expect profit growth and PB go up once merger process firmly behind in few quarters and consider this as an investment with less risk with increased margin of safety. I am not well versed in deeper analysis of banking stocks.
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