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Raamdeo Agrawal's Regret: Missing HDFC Bank's Wealth Boom
12 Dec, 2025
Summary
- Investor sold HDFC Bank shares at ₹52.50 due to partner concerns.
- He bought shares in 1995 when the stock was ₹40.
- Missing HDFC Bank's rise cost him significant long-term returns.
Motilal Oswal Financial Services Chairman Raamdeo Agrawal identified selling his HDFC Bank shares prematurely as a significant investment regret. He had invested in 1995 with strong conviction, seeing potential for HDFC Bank to become India's HSBC, particularly influenced by structural value shifts in banking.
Agrawal's decision to sell at ₹52.50 was prompted by information suggesting a foreign partner's departure. He worried this would destabilize the bank, a move he now considers a misjudgment. The stock price has not fallen below this level since his sale.
This early exit led Agrawal to forgo substantial long-term gains as HDFC Bank evolved into one of India's largest and most valuable financial institutions. His experience underscores his philosophy that conviction is crucial, but remaining invested through market fluctuations is paramount for wealth creation.
