hdfc bank stock

HDFC Bank’s era of premium valuations is over

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Rare things do command a premium. So did HDFC Bank. In an era when Indian lenders were funding projects worth thousands of crores to secure quick growth, Aditya Puri’s HDFC Bank was chasing thousands of individual salaried men to fund their car and mobile phone purchases. His belief was that someone with a regular income … Read more

hdfc bank stock crash: HDFC Bank shares at mouth-watering valuation, say contra buyers after $12 billion loss

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Not everyone on the Street is a bear on HDFC Bank, whose shares fell up to 9% on Wednesday after reporting mixed numbers in its December quarter results. Global brokerage firm CLSA has hiked its target price on HDFC Bank to Rs 2,025 from Rs 1,900, Axis Securities to Rs 1,975 from Rs 1,800 while … Read more