Week That Was: HDFC Bank's New CEO, Smit Machchhar's Heroics, Yield Spike, US-Iran Conflict & More
HDFC Bank left its position unchanged.
· NDTV Profit
Here are key developments from the last week of September that kept the week buzzing for the global and domestic market.
The analysis
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.
Market context
- The company directly in focus is HDFCBANK.
- Sector exposure: Banks.
In this story
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