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-0.000650459386942129 -0.000772420521993764 -0.000894381657045399 -0.000487844540206539 0.00243922270103258 0.00243922270103258 0.00235791527766479 0.00235791527766479
Stock impact report

HDFC Bank Is Approaching The Decadal Danger Zone [Seeking Alpha]

HDFC Bank Limited (HDB) 
Company Research Source: Seeking Alpha
HDFC Bank Is Approaching The Decadal Danger Zone Summary HDFC Bank extends its rally to new highs. The euphoric mood in India after the re-election of Narendra Modi as Prime Minister helps financials. Investors should note that HDFC Bank is approaching dangerous P/B ratios. The landmark judgment by the Indian people to re-elect Narendra Modi as the Prime Minister has taken the nation’s banking sector to fresh all-time highs. Prime Minister Modi has returned with a massive mandate for his second term, much ahead of what the political pundits had been forecasting. Since the Modi government is seen as pro-growth, the Indian stock market has tested new lifetime highs, with the banking stocks leading the way. HDFC Bank (NYSE: HDB fear of missing out Source: HindustanTimes The outlook for the Indian economy, as well as the Indian stock market, has completely changed. Better economic growth is being forecast as well as the targets are being raised in the hope that the government will continu Show less Read more
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