I don't think there's any fundamental issue with the bank. Note that Kotak has also fallen so it's not only HDFC Bank.
Issues regarding their merger with parent company HDFC have led to some institutional selling. SBI and Nippon MFs sold around 50L of the bank's shares.
This has happened before too with HDFC AMC and Zomato as well, the point is these negative sentiments are opportunities to downward average, especially for a fundamental investor.
Poor digital play and they need to modernize fast
Doesn’t matter they are increasing revenue and profits like anything.
There was a good article on FinShots on HDFC - it has mentioned a couple of compelling reasons
I read their NIM - Net Interest Margin fell to 3.5% vs the usual 4-4.2%. Hence the crash.
It will likely recover soon and lead the banking rally imo,
Disclaimer: 13% of my personal portfolio is on HDFC
Are you concerned that its promoter holding is currently at 0?
What could be the contributing factors to the decline in their EPS?
Despite experiencing a remarkable 30% growth in net profits, why is the NIM still stagnant?
I have portfolio of Kalyan jewellers, welspun corp and Arvind for short term gains. But these stocks are hitting industry PE. For long term I have ujjivan bank and coal India.
Any suggestions for short term and long term?
Fastmover advantage was with SBI and ICICI.
29% market share of spend 21% CC volume share.
Do u have 1 HDFC card in wallet?
I don't have one, but own 7 CCs.
