Prakash Diwan of prakashdiwan.in recommends keeping HDFC Bank in the portfolio and prefers DCB Bank.
Prakash Diwan of prakashdiwan.in told CNBC-TV18, "I am glad Infosys reacted and gave an opportunity or investors to get in which was not expected. HDFC Bank has always been this steady, boring performer which is what good investments are made up of. So there is no reason why you shouldn’t have it in the portfolio."
"It is just that people have got carried away with the glamour of the larger banks like ICICI Bank and Axis Bank as well. However, this is where the quality differentiates itself. IndusInd Bank is not my top favourite at this point in time. I would prefer a smaller bank like DCB Bank which is kind of raving back rather than buy a fully priced retail business like IndusInd Bank," he added.
READ MORE ON Prakash Diwan of prakashdiwan.in, Infosys, HDFC Bank, ICICI Bank, Axis Bank, IndusInd Bank, DCB Bank
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