Mahantesh Sabarad says: “A mixture of events that has caused this underperformance on HDFC Bank overall. And within that mixture one cannot wish away what is happening to the banking sector per se. The banking sector is now on a high in terms of credit growth. The YoY credit growth number is upwards of 16% thereabouts.”
Private banks, financial services and RIL see big MF buying
The majority of the activity was in private banks and fi nancial services companies. Reliance Industries was another stock that changed hands between these fund