Today the bank is valued at Rs 6.7 lakh crore in terms market capitalisation, which increased from just Rs 440 crore in 1995.
The bank will continue on the growth path, as Jagdishan has been with HDFC since 1996 and has played an integral role in shaping the private lender, say experts.
The worldwide concerns over the COVID-19, September expiry rollovers and growth worries kept the domestic market under pressure.
While the market has rallied smartly, the rally has been highly concentrated with the top 15 stocks contributing over 70 percent of the returns.
Infosys fired almost on all cylinders in June quarter earnings, which gave confidence to investors and as a result six out of 10 fund houses raised exposure to the stock last month.
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India's stock market remains one of the most promising emerging markets of the world with tremendous growth potential as several structural reforms initiated by the Narendra Modi-led government assures that tomorrow belongs to India.
In muted earnings expectations for Q1FY21, beats were much higher than misses and that was one of major reasons and confidence booster for equity market not only in India but globally.
Given that India will remain a growth market in the long-term one cannot neglect growth stocks for a prolonged period of time, Jyoti Roy advised.
Citi has a buy rating on HDFC Bank with a target of Rs 1,350 per share, implying 30 percent potential upside from current levels.
We would advise to buy Bank Nifty on some dips towards 21,300 for targets of 21,750-21,800.
SBI's economists say the surge in equity markets is not linked to economic recovery and maybe a sign of irrational exuberance.
As fundamentals will take time to turn positive, investors should stick to quality largecaps rather than midcaps or smallcaps.
Macquarie believes worries about large-scale retail defaults are exaggerated.
Largecaps or sector leaders are the safest bet during a crisis because the recovery momentum generally reflects first in these stocks, say experts.
Aashish Somaiyaa of Motilal Oswal Asset Management Company advised that one should avoid panic and remain invested.
VIX staying below 35 level will be support for the market and any up move will cap the upside to keep the market range bound.
Experts continue to warn that the market will keep oscillating between rise and fall and one must remain cautious while taking a call for trade.
Nifty breaking down below 8,900 will trigger fresh selling and that can push Nifty towards 8,500 mark.
Key risk to the thesis is the protracted income loss to household savings, ICICI Securities said.
Prime Minister, Narendra Modi said the package will focus on four factors - Liquidity, Land, Labour and Laws.
Experts point out that the COVID-19 pandemic came in stages across the world and its fading away also will happen in phases over the next few quarters.
There's no relief from the COVID-19 front as the numbers are not showing any signs of slowing down yet and that could result in further extension of the lockdown, said Ajit Mishra of Religare Broking.
Banking Index has formed a higher high and higher low pattern which indicates a short-term bullish trend to continue.
Fiscal stimulus, the extension of RBI forbearance, normal monsoon and results of the first half of FY21 will decide the course of India's financial sector.