Bull's eye! Anil Singhvi's tips on HDFC Limited hit the target; book profit now, suggests Zee Business Managing Editor
HDFC Limited share price: On account of heavy investment by the JP Morgan Chase in HDFC Limited, the HDFC Ltd share price has been skyrocketing.
HDFC Limited Share Price: On account of heavy investment by the JP Morgan Chase in HDFC Limited, the HDFC Ltd share price has been skyrocketing. Sensing the bull run in the HDFC Ltd stocks, Zee Business Managing Editor Anil Singhvi recommended a strong buy in HDFC futures in his Zee Business programme 'Aaj Ka Hero.' Elaborating upon the strategy in the HDFC Futures, Singhvi had advised stock market investors to buy HDFC Jan Futures for the target of Rs 2,325 and Rs 2,340.
Suggesting stock market investor buy HDFC January Futures Anil Singhvi had recommended traders to buy the HDFC January futures with the stop loss at Rs 2,285 and had given two targets Rs 2,325 and Rs 2,340. Currently, HDFC Ltd. January Futures is trading at Rs 2,340 and the Zee Business has now asked share market investors to book profit as both the targets given by Anil Singhvi in Zee Business's 'Aaj Ka Hero' segment has been hit.
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The JP Morgan Chase has invested heavily in the HDFC Limited in recent times and it is one of the highest shareholders in HDFC Limited. Till 29th September 2019 reports, JP Morgan had 20.38 per cent of the outstanding shares of the HDFC Limited means around 31.36 million outstanding shares of HDFC Ltd. The net worth of JP Morgan Chase of these HDFC Ltd. outstanding shares was at $1.79 billion.
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