 "HDFC Bank")
HDFC Bank Analysts' meet: The stock of HDFC Bank, which has shed 4 per cent so far this calendar year, may continue to underperform the markets in the near-term, brokerages cautioned on Wednesday.
By comparison, the benchmark Nifty50 has soared 10 per cent year-to-date (YTD) in CY2023, while the Nifty Bank has advanced 5.7 per cent.
The warning comes after the management's disclosed pro-forma financials of the merged entity highlighted higher than expected hit on net worth, return ratios, and margins.
