Top NBFC stocks to buy: HDFC Sec recommend 15 shares to add in portfolio ahead of Q2 results | Check rating, target
HDFC Bank is in focus in a quarterly results development.
· LiveMint Markets
Top NBFC stocks to buy: The brokerage firm highlighted that NBFC credit growth has sustained the growth momentum in Aug-26 (16% YoY), driven largely by retail and services segment.
The analysis
HDFC Bank reported movement of 16%. 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 -0.6% on the day at ₹703.00, and has returned -14.3% 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 -4.9% over the same period, so HDFC Bank is running 9.4 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
- Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
- Credit growth and asset quality are the pulse of the financial sector, which is the largest weight in Indian indices.
Market context
- The company directly in focus is HDFCBANK.
- Sector exposure: Banks.
In this story
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