When First Global’s Devina Mehra spotted ‘muscle man’ potential in ‘boy’ HDFC Bank

NEW DELHI: Devina Mehra of First Global tells an interesting story! She spotted the potential in the HDFC Bank stock way back in 1996 by sheer chance: the top brass at India’s newest lender had come in from Citibank, where she herself was their colleague.
That was when the stock traded at an adjusted price range of Rs 3-4. My experience of working under them gave valuable extra insights, says she.
In 1996, Devina put out her analysis of the HDFC Bank stock one of her firsts after she founded F…

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