INDF - HDFC Bank: The Jury Is Still Out Although The Risk-Reward Is In A Better Place
2024-04-03 15:48:07 ET
Summary
- HDB has lost 18% of its value since its merger with HDFC, underperforming other Indian financials and a diversified basket of Indian stocks.
- We discuss some of the major sub-plots that could impact HDB's performance.
- On the technical front, the reward-to-risk equation looks quite encouraging now.
Introduction
HDFC Bank Limited ( HDB ), which was widely considered to be one of the pre-eminent financial institutions in India over the last few decades, has been going through a relatively rough patch for a while now. Last year, the talk of the town was the bank's merger with HDFC Limited, a giant in the non-banking finance space....
HDFC Bank: The Jury Is Still Out, Although The Risk-Reward Is In A Better Place