Mar 28, 2013, 04.14 PM | Source: CNBC-TV18
HDFC Bank may outperform, says Sudarshan Sukhani, s2analytics.com.
Sudarshan Sukhani (more)
Technical Analyst, s2analytics.com | Capital Expertise: Equity - Technical
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
Net Interest Income is expected to increase by 6.5
ICICI Direct is bullish on HDFC Bank has recommend
Ashwani Gujral of ashwanigujral.com recommends buy
Mitesh Thacker of miteshthacker.com is of the view
According to Mitesh Thacker of miteshthacker.com,