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Just shows the overwhelming ignorance of the writer/Forbes columnist on Indian stocks.
Jan 23 07:25 am
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All Comments by frand(x) »Six Essential Indian Stocks (INFY, WIT, SAY, HDB, HTX, SIFY) [View article]
2. Refer HDFC Bank: is a private sector full service bank. Its parent HDFC is a leading mortgage lender. HDFC Bank does very miniscule mortgage lending.
3. HTX (Hutchison Telecom International) is NOT an INDIAN stock. It is Li Ka-Shing's company, listed in Hong Kong. HTX owns 67% in an unlisted Inidan telco, called Hutchison Essar (in JV with the Essar group).