News From Press Mutual funds buy the dip in HDFC Bank shares with Rs 14,000-crore investment

Mutual funds buy the dip in HDFC Bank shares with Rs 14,000-crore investment

Source: ET Feb 16, 2024

Mutual fund houses bought shares of HDFC Bank worth Rs 13,849 crore in January, following a dip of around 14% in the bluechip bank stock during the month after disappointing Q3 results.

Mutual funds owned 136.26 crore of HDFC Bank shares in January, up 6.92% from 127.44 crore shares held in December, indicating net buying of around 88,307,659 shares, according to the Prime database.

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