While ICICI Bank is down about 8% year-to-date, and the Nifty 50 has declined around 13%, HDFC Bank has fallen 24% over the same period. As a result, the stock now trades at a 17% discount to ICICI Bank, making valuations more attractive.
While ICICI Bank is down about 8% year-to-date, and the Nifty 50 has declined around 13%, HDFC Bank has fallen 24% over the same period. As a result, the stock now trades at a 17% discount to ICICI Bank, making valuations more attractive.