HDFC bank is presently at good levels and the whole market has moved up, but banking sector has not given good returns from the last 3 years. Profit of HDFC bank in 2019 was 22446 crore. The profit didn't decline in 2020 and in 2023 the profit was 46149 crore. The profit doubled but stock price did not This trend will be broken, and the banking sector will give massive returns to cover up the last 3-year performance and will continue with the future growth. HDFC bank will not see 1600 levels in the future under normal circumstances. Can also consider investing in Bankbees. Hope you learned something new. Happy learning, Happy investing.
