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HDB - HDFC Bank: Likely To Outperform Peers But Valuation Seems High
HDFC Bank Limited
Several Indian banks saw their stock prices decline in recent weeks amidst rising concerns over credit quality and exposure to shadow banking. In this time, certain banks such as HDFC Bank (HDB) have remained resilient and continued to see strong stock price performance. Bullish investors have expressed the view that the bank's stock is set to continue performing well as investors, who have grown wary of smaller competitors, flee to higher-quality names.
In my previous article on HDB, I also highlighted the bank's long history of maintaining its NPLs (Non-Performing Loans) at a