This newly listed stock more than doubled investors' money in less than 2 months; HDFC Securities sees further upside
HDFC Bank secured new business in an ipo & listings development with 30 July in focus.
· LiveMint Markets
The stock debuted on the Indian bourses on 30 July this year. Currently, it is up almost 118% from its IPO price of ₹485. The stock's record low is ₹701, set on the listing day itself.
Key facts
- Dates in focus
- 30 July
The analysis
HDFC Bank reported ₹485 and ₹701,, with movement of 118% attached to those lines. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is -1.5% on the day at ₹692.20, and has returned -14.6% over three months. It sits 31% below its 52-week high, which means a good deal of bad news was already in the price. The banks sector has moved -1.7% over the same period, so HDFC Bank is running 12.9 points behind its peers.
For HDFC Bank, the question is how much of this is already reflected in the price and how much re-rates the banks peer set alongside it.
Why it matters
- Listing activity is a read on risk appetite — a hot primary market usually means a confident secondary one.
Market context
- The company directly in focus is HDFCBANK.
- Sector exposure: Banks.
In this story
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