Following ET article suggests extreme negativity about HDFC stock. Whenever I see such a development in a high quality stock, with strong fundamentals, it always builds my conviction in it. That’s a point when no one wants to touch a stock. And that’s also the point which offers very good return with very less risk.
I recall similar article in ET about Infosys, last year, when stock was trading at around 1300 level, having fallen some 30% off its peak, amid peak pessimism about IT sector with many fund managers putting “avoid” calls on IT stocks. Infy is up 30% since then (not a bad return when IT sector is still not out of doldrums).
There are many similar stories in the market. ITC for a long time was in hated zone. And same goes for many large cap PSU stocks.
Market always offers opportunities to make money but they are usually in the form of bad news. And it’s very rare that good news and good price come together.
I strongly believe good days are ahead for HDFC stock now.
Disc- invested and biased.
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