Multibagger stock to buy: This recent debutant is up 140% in two months; analyst sees more upside

HDFC Bank reported Rs 1,407, with movement of 21% and 140% 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.