HDFC Bank has support at Rs 2000: Guppy

HDFC Bank has support at Rs 2000, says Daryl Guppy, guppytraders.com.

Guppy told CNBC-TV18, "The banks are selling off very dramatically at the moment. So for instance HDFC Bank, we have support levels of around Rs 2000 and with SBI support levels of around Rs 2300. When you see the market fall to these levels and then consolidate before they come buying opportunities, there are a number of leading signals in individual stocks that told us that we were getting these substantial trend changing place." HDFC Bank trailing 12-month (TTM) EPS was at Rs 72.95 per share. (Sep, 2010). The stock's price-to-earnings (P/E) ratio was 29.01. The latest book value of the company is Rs 464.78 per share. At current value, the price-to-book value of the company was 4.55. The dividend yield of the company was 0.57%.