INSUBCONTINENT EXCLUSIVE:
analysis of price trends from the last two decades by Samco Securities has found that whenever HDFC Bank made new high, Sensex
HDFC Bank is one of the favourites of fund managers
Weightage of HDFC Bank has increased in the portfolio of top 10 mutual funds in the last six months
As per a note by Motilal Oswal Financial Services, the stock had a weightage of 7 per cent in November.
The stock has outperformed Sensex
over a one-year period, delivering 21.27 per cent return against 15 per cent rise in the benchmark index.
Brokerages ses the bank
outperforming going forward too
per cent and 25 per cent, respectively, over FY19-22, led by continued improvement in operating leverage and reduction in the tax rate.
JM
With stable financials, a vast network in rural India, trust for the bank among people given the many scams and liquidity squeeze, HDFC Bank
HDB Financials, which the lender plans to list in the next 12-18 months, will also act as a steroid for growth in 2020, the brokerage
