HDFC Bank Misses MSCI Threshold by a Hair's Breadth
April 9, 2024, 9:41 pm
HDFC Bank's foreign legroom inches close to the MSCI threshold but falls short by a mere 5 basis points, causing a ripple in the investment world. The potential for further selling this quarter could lead to a weight-up adjustment in the upcoming review, stirring anticipation among investors. Doubling HDFC Bank's weightage in MSCI indices could unlock billions of dollars in inflows from passive trackers, making it a prime opportunity for savvy investors to capitalize on. Despite trading at lower price-to-book ratios compared to historical averages, experts believe that now is the perfect time to add a quality franchise like HDFC Bank to one's portfolio.