HDFC shares fell almost 20% in the last week. Can they recover ?
So here are 4 good things about this stock :
1. PAT increases from 25.4% to 35.9% YOY
2. If you see the leading private sector bank, HDFC bank has the lease NPAs; the net NPA is only 0.30%
3. They are planning to open 1000 branches in 2024 and it will have 13000 branches in the upcoming 3-5 years. So this will definitely help in increasing CASA and developing NIM.
4. Now RBI also allows LIC to take almost 10% stake in HDFC ; and after that the ADR increases almost 2%.
So whats your opinion about this stock, comment down.