Sunday 5 October 2008

Stay invested in Axis Bank, HDFC Bank: Bose

Technical Analyst, Rajat K Bose is of the view that one should remain invested in Axis Bank and HDFC Bank with long-term horizon.

Bose told CNBC-TV18, "To disclose the fact that I am actually a portfolio investor in HDFC Bank and I have recommended Axis Bank with a long-term perspectives so these are the two banking counters that you have just mentioned. Definitely, they warrant buying and if one has a long-term horizon, these days you actually advice people to stay invested for about a year they say it’s too long a horizon, but I would say that if you can actually have patience then maybe at lower levels or at current levels, you can take a positive perspective on these two banks and you can remain invested but of course, knowing fully well that there could be more pain going forward."

Source: MoneyControl

Posted by Harsh at 21:09

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)
DISCLAIMER: The author is not a registered stockbroker nor a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity, index or any other financial instrument at any time. While he believes his statements to be true, they always depend on the reliability of his own credible sources. The author recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, before making any investment decisions, and that you confirm the facts on your own before making important investment commitments.