Why I Bought HDFC AMC After it Fell So Much?

  • Stock Market Analysis
  • Editors Pick
UMESH RINDANI

Hello Readers!

While going through the headlines on September 29th I came to know that HDFC (NS: HDFC ) AMC is going to be in focus that day. I had no idea and as soon as the market opened, I checked the price as it forms part of my holdings. And I was surprised at what I saw - it was down 6%+. This scrip has always been on my radar and I am always waiting to buy the same on dips.

So I immediately looked at the charts and in no time I was convinced that this is a good price to buy. The low made was 2878 and I entered at 2882. I am not sure if this is going to move up sooner or later - but what I know is that it came to my price point so made an entry into it.

I have now decided to show such trades to the extent possible via a video.

In this video, I share my basis for buying the shares of HDFC AMC at 2882 today morning after it fell from 6%.

If you recall, yesterday, I had shared a video about why should one invest in AMC of Fund Houses rather than their MF schemes and today is a classic example of why one should invest in its equity.

I hope you like this video which is for Information & Educational purposes only and not advice.

Please let me know if you would be interested in watching such videos / reading such insights and I will share whatever I can and whenever I can.

Happy Investing / Trading!

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  • V R Kotha @V R Kotha
    None of their MF schemes are worth investing. People are exiting from HDFC MF and investing that money in AXIS MF and Mirae MF.
    Like 6
    • Umesh Rindani @Umesh Rindani
      @V R Kotha I do not follow MF, but AMCs. I will look at Axis MF when they get listed. Thanks for the update.
      Like 2

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  • Rakesh Gulia @Rakesh Gulia
    Today I tried to bought it around 2870 but finally I made a debut in this beautiful company at last minute at 2929 after loosing hope that it will fall and I am repenting why I not bought it yesterday or a day before yesterday
    Like 1
  • Rakesh Gulia @Rakesh Gulia
    Today I tried to bought it around 2870 but finally I made a debut in this beautiful company at last minute at 2929 after loosing hope that it will fall and I am repenting why I not bought it yesterday or a day before yesterday
    Like 0
    • V R Kotha @V R Kotha
      @Rakesh Gulia How is it beautiful ? None of their MF schemes are worth investing. People are exiting from HDFC MF and investing that money in AXIS MF and Mirae MF.
      Like 1
    • Umesh Rindani @Umesh Rindani
      @Rakesh Gulia Hesitation is part of the process. Please watch / read the post that I have shared 2yesterday.
      Like 0

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  • @
    2750 is a major support , that's where it should be bought at...
    Like 1
  • Ajay Uppal @Ajay Uppal
    Market is on the zone of "Sell on every Rise". Dont make mistake to 'Buy the Dip".
    Like 0
  • Debasis Dash @Debasis Dash
    it reached 200 DMA and now reversal mood. it's a good pick at this moment
    Like 2
  • Sandeep Narasimhan @Sandeep Narasimhan
    When Major stake holders are selling, basic funda is wait till it show , strong reversal sign. Yes if u have plans to accumulate heavy quantity, irrespective of anything, buy at every dip. But for that every good dip should be used..
    Like 1
    • Umesh Rindani @Umesh Rindani
      @Sandeep Narasimhan Yes, agree with you.
      Like 1

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  • Bharathithasan Elangovan @Bharathithasan Elangovan
    Where is the video ??
    Like 0
  • Abhishek Pandey @Abhishek Pandey
    Ummesh, sell it
    Like 0
    • Umesh Rindani @Umesh Rindani
      @Abhishek Pandey Why?
      Like 0

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  • Abhishek Pandey @Abhishek Pandey
    Its a strong sell
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    • Umesh Rindani @Umesh Rindani
      @Abhishek Pandey I am glad that you have this view otherwise markets would not move.
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