Due to the large base of HDFC Bank, it will not compound at the historical rates of return.
Plus since it is a 100Billion plus valuation, it will be compared with global peers, who trade at much lower than 2.8x book value.
This is what makes making outsized returns in HDFC Bank (>20%) totally out of question.
Hence this isn’t a very interesting name for most if they are investing in individual stocks I feel.
Better to put money in an index vs HDFC Bank, less tracking to do and almost similiar returns
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