HDFC Bank Says Probe Into Confidential Information Leak Is Underway
HDFC Bank is in focus.
· NDTV Profit
HDFC Bank told NDTV Profit it will not comment on an active internal review and will take appropriate action once the findings are complete.
The analysis
Against that, the stock is -0.7% on the day at ₹706.95, and has returned -7.9% over three months. It sits 30% below its 52-week high, which means a good deal of bad news was already in the price. The banks sector has moved -6.2% over the same period, so HDFC Bank is running 1.7 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.
- The immediate tone of coverage reads negative.
In this story
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