The HDFC bank stock has attracted a lot of flak because it has not delivered returns in the past three years. Now consider this: The Nifty and Sensex have lost 8% in just the past two months – and the HDFC Bank stock is at its 52-week high. This, despite the stock being among those with the highest FII ownership – and the counter where they were strong and consistent sellers since the current phase began in October. So, has the ownership adjustment amongst FIIs – which began with the merger of HDFC Limited with HDFC Bank – been sorted out? Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components – earnings, fundamentals, relative valuation, risk, and price momentum – to generate standardized scores. SR+ Reports is a complimentary offering to ETPrime members.
