I heard several aged and experienced investors were talking about HDFC. They were refering to a valuation done on it where its intrinsic value was round 99-100. I saw several valuations done on this by Teller, Troy and SLFINANCEWATCH. Seems to be they were talking about those valuations.
However, on last Friday and Thursday prices dropped and HDFC was traded at a low of 71.50 also. Believe this was due to month end credit clearance and no any deviation from those valuations.
Hope next week will show some glimpses of green and HDFC will come to its potential value. Teller, Troy and SLFINANCEWATCH pls share your views on this recent price drop and near future (1 month) targeted prices.