Big money filled the shares of this bank in sacks, it will become a rocket in no time! what did you buy

HDFC Bankshare : Shares of HDFC Bank have seen a sharp rise in the past few days. Be it brokerage houses or mutual funds, everyone seems happy about it. The country’s largest private bank is currently on the ‘big money’ radar. Market experts often advise that if you want to make money, you should follow people who invest big money.

According to a Moneycontrol report, mutual funds bought HDFC Bank shares worth Rs 7,600 crore in the month of May. What is more important and worth knowing is that for the fifth month in a row, mutual funds have continued to add HDFC Bank shares to their portfolios. In April, mutual fund houses bought shares worth Rs 1,890 crore. Purchases of Rs 4,600 crore were made in March, while purchases of Rs 8,432 crore were made in February. HDFC Bank shares worth Rs 12,884 crore were bought in January.

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Quants most bought
According to ACE Equity data, 4.99 crore shares of HDFC Bank were bought by mutual fund houses in May. As of May, mutual fund houses held 151.69 crore shares of the bank. In April, it held shares worth Rs 146.70 crore. In just one month, the value of these shares has increased from Rs 2.23 lakh crore to Rs 2.32 lakh crore.

41 mutual fund houses hold shares of HDFC Bank. Among them, 26 increased their holdings while 14 reduced their holdings slightly. Quants Mutual Fund bought shares worth Rs 2,669 crore, the highest. Subsequently, ICICI Prudential Mutual Funds and Axis Mutual Funds bought shares worth Rs 2,210 crore and Rs 982 crore respectively.

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No agency rating ‘Sell’
On the other hand, BofA Securities recently gave a buy rating to HDFC Bank shares. The global financial firm gave the company a good rating, anticipating potential good growth. According to Bloomberg, 45 agencies currently have a buy rating on the bank, while 5 have given it a hold rating. No one suggested selling it.

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