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HDFC Bank (HDB) released Q4 earnings on April 20, reporting a 22.63 percent YoY jump in profit. The bank continues to maintain its streak of 20 percent plus earnings growth and is a must have in the long-term portfolios. Existing investors should stick with their positions while new investors can enter on a decline of 5-7 percent.
The bank has been an exemplary multibagger under the leadership of CEO Aditya Puri. From $3 in 2002 to $116 this month, the bank has returned its shareholders a massive 32 percent on a