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Indiabulls Ventures has caught the fancy of CLSA, with the foreign brokerage and research house adding the stock in its Asia ex-Japan long-only portfolio.
"A 3% investment will be initiated in Indian consumer finance play Indiabulls Ventures. This will be paid for by shaving the existing investments in HDFC Bank, Indiabulls Housing Finance and Bajaj Finance by 1 percentage point (ppt) each," wrote Christopher Wood, managing director and equity strategist at CLSA in his weekly note, GREED & fear.
The development saw the stock move up over 1% in trade on Friday. It hit a high of Rs 295 and a low
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