HDFC Bank may outperform, says Sudarshan Sukhani, s2analytics.com.
Sukhani told CNBC-TV18, “Hindustan Unilever (HUL), irrespective of the downgrades, it is giving us a very bullish pattern. Both HUL and HDFC are likely to lead rally. Third stock is HDFC Bank. It gives us a sense that amongst the private sector banks, this one could outperform in the next few days. We are all talking about seven days.”
HDFC Bank touched its 52-week high Rs 705 and 52-week low Rs 492.90 on 30 November, 2012 and 23 May, 2012, respectively. Currently, it is trading 10.99% below its 52-week high and 27.31% above its 52-week low. Market capitalisation stands at Rs 149,205.43 crore.
Disclosures: I am long in the Nifty