Stock Watch - HDFC Bank

HDFC Bank is the leader in private banking space.Delivering consistent and superior returns as compared to most of its peers in the industry has been the mainstay of HDFC Bank’s performance in the last couple of fiscals. Sustenance of one of the best margins, return ratios and asset quality across interest rate cycles sets the bank apart from its peers. It has grown consistently around 30% YOY for the past 25 quarters.

Positives
..One of the highest CASA (low cost deposits) and NIM in the industry.
..Robust asset quality despite strong growth in assets during last
couple of years.
..Has strong technology, expanding distribution franchise & largearray of products.

Risks
..Ripple effect of financial crisis in US & Europe
..Expensive acquisition of CBoPand prevailing integration risks.
..Downside risk arises from hard-landing of our economy
..Higher unsecured loan exposure could lead to faster deterioration
in asset quality

At current price of around 850 it trades around 16 times FY09 and 13 times FY10.Medium to Long term investors can buy the stock which can give very good returns.

NSE Trading Holidays 2024

Trading holidays for the calendar year 2024. The National Stock Exchange of India (NSE) has notified trading holidays for the calendar year 2024 as below: Muhurat Trading: Timings of Muhurat Trading shall be notified subsequently.

Historical BSE Sensex returns - updated 2013

We have already seen the historical returns of the BSE Sensex, which indicated an average return of about 20% per year, despite many yearly returns varying from -20% to +60%. The following table shows BSE Sensex historical data - open, close and the yearly returns of the sensex from 2000 to 2012. There are some interesting points to note from the above table. Post 2008 crash of about 50% and 2011 negative returns of 24%, markets have given positive returns of 81% and 25%. Also the average returns for the past years is about 20% despite the markets being down 24%. The lesson is pretty much clear - long term investing pays and one need not bother too much about the ups and downs of the markets. During the past few years, the returns from investing in individual stocks have been varied. Despite markets being at 2 year highs, only a few stocks are at similar highs, while most of them are still languishing well below their historical highs and are down anywhere between 8

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