Positive on HDFC Bank: Hemant Kale

Hemant Kale, MD, Maia Financial Services, in a chat with ET Now talks about HDFC Bank.

What are your thoughts on HDFC Bank?

The banking trends are definitely good. We have seen good higher top, higher bottom formations in the banking sector from June and they are continuing. There is a small setback which is seen in banking sector, probably maybe some profit booking that is seen. I am very confident in general about banking sector, SBI and PNB are holding well, HDFC Bank of course has given some short term correction but there is nothing to worry. Unless 2300 is breached, I am still positive on this stock.