HDFC Mutual Fund is among the most well known fund houses in India. It's well known for picking underdogs which go on to become enormous wealth-creators. Today we come to you with news of the fund's entry to a much-maligned and beaten down counter. The company is in the search results business and had come with an IPO in 2013. Post the IPO the stock had hit a purple patch, but suddently something seemed to give way and the stock has continuously underperformed ever since. Recently there has been speculation about Google acquiring the company and the stock price has taken an upturn ever since.
Please watch the video below to know the name of the company and the various details about it.
Having watched the video however it is imperative to mention that fund interest in the company is not a guarantee of future appreciation in the stock price of a company. One must tread with extreme caution while taking action on stocks where there has been recent fund action. This is because with such a large chunk of shares, any sort of liquidation on their part may send the stock tumbling down. The general public would only come to know of the information post the event happening, by which time the stock price would have substantially depreciated. Hence, please exercise extreme caution and consult your financial advisor prior to taking any action on any of the information presented herewith.
Standard Disclaimer :: The information in this article has been compiled from freely available information on the internet. None of the stocks mentioned here should be considered as recommendations to buy and one must carry out his/her own research prior to acting on any of the information presented here. None of the creators of the video have a stake in any of the stocks discussed.
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