Time to trim some exposure in HDFC at present levels: Emkay Global Financial Services

In a chat with ET Now, Sandeep Singal, Co-Head Institutional Equity Derivatives, Emkay Global Financial Services, shares his views on HDFC.

ET Now: What are your thoughts on HDFC Limited? Do you think the stock is now moving away from the comfort zone?

Sandeep Singal: Yes definitely. Above 700, we have seen lots of leading fund houses paring their exposure here. Particularly, this was more technical in nature in terms of like warrants getting converted and their last date of conversion was due. The stock has really moved from about 630-635 odd level to about 720+ levels. At this particular level, it would be worth paring some exposure on this particular stock.