INSUBCONTINENT EXCLUSIVE:
technical indicator of 200-day moving average (DMA) on Wednesday.
When an index or a stock closes below the 200-DMA, it is considered a
Analysts said traders were cutting exposure to these stocks after their strong run with the broader market sentiment turning sour and
simple moving average (SMA) of Rs 1,852.30.
HDFC Bank ended down 1.6 per cent at Rs 1,961.95, below its 200-day SMA of Rs 1,980
Both have fallen below this widely-watched indicator for the first time in about 20 months.
Digant Haria, AVP-Research at Antique Stock
migrate to 100 per cent trail model of commissions.
Also, the directive that AAArated corporates have to borrow 25 per cent from retail may
intensify the fight for deposits and may face challenges on the deposits front in an increasing interest rate environment
Haria said parent HDFC may face challenges as overall housing finance space is not likely to do well in a rising interest rate
15.4 per cent in profit in the last five financial years while HDFC Bank has delivered a compounded profit growth of 16.2 per cent in the
price of Rs 2,449.56 implies another 25 per cent upside in the stock over the next year.
The consensus target price of Rs 2,200.83 on HDFC
implies a potential gain of 20 per cent going forward
