Nifty Private Bank Index: Is HDFC Bank signalling more than what is visible? 6 private sector bank stocks, 4 of which may give returns above 26% in 1 year

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Synopsis

The HDFC bank stock has attracted a lot of flak because it has not delivered returns in the past three years. Now consider this: The Nifty and Sensex have lost 8% in just the past two months – and the HDFC Bank stock is at its 52-week high. This, despite the stock being among those with the highest FII ownership – and the counter where they were strong and consistent sellers since the current phase began in October. So, has the ownership adjustment amongst FIIs – which began with the merger of HDFC Limited with HDFC Bank – been sorted out? Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components – earnings, fundamentals, relative valuation, risk, and price momentum – to generate standardized scores. SR+ Reports is a complimentary offering to ETPrime members.

Every sector goes through good and bad times. When we say good and bad times, it is not only about the real business – but also about its perception on the street. Now let’s take a real-life situation. There’s a set of stocks that did extremely well from 2000 to 2021. But they did not perform well for three years after that. The reason was not some real problem with the business, but because expectations from them were extremely high. And the

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