Today, MSCI announcement was perceived negatively by market as expectation was that inflow will happen at one go vs actual inflows in 2 tranches, stock bled heavily today on the news. I believe, it’s a great pick at these levels for long term investment as interest rates start coming down both in India and US. Also, HDFC will get higher weight over couple of months, so expect staggered buying by passive funds. This should easily take the stock to 1800 levels in next 2 months. Any thoughts?
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