Tilaknagar Inds: HDFC Sec keeps 'buy', bets on Imperial Blue's growth story
HDFC Bank secured new business.
· Business Standard Mkts
According to HDFC Securities, ground checks indicate that Tilaknagar Industries is effectively addressing state-specific requirements to strengthen the Imperial Blue franchise.
The analysis
Against that, the stock is -1.3% on the day at ₹693.45, and has returned -14.4% 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 -1.2% over the same period, so HDFC Bank is running 13.2 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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