The shareholding of domestic institutional investors closed in further on that of overseas investors, with the gap between the two dropping to an all-time low and set to reverse in the coming quarters.
Though the HDFC Bank stock may be trading at decadal low valuations of about 2.1 times the book value, investors including LIC may be cautious in jumping to buy it, the sources said, , life insurance corp of india, hdfc bank, Reserve Bank of India (RBI)
LIC receives the nod from the central bank of India, RBI, which approves the purchase of upto 9.99 per cent stake in the HDFC Bank, , stock market, nifty, sensex, national stock exchange, life insurance corp of india, hdfc bank, reserve bank of india, retail investors, stock prices, Intraday
Last week, the BSE benchmark fell by 0.52 per cent after a record-breaking rally, , reliance industries, hdfc bank, tcs india, icici bank, airtel, state bank of india, life insurance corp of india