HDFC Bank offers attractive valuations at 1.4 times adjusted book on an FY27 basis, but it is unlikely to perform in the near to medium term due to ongoing challenges and significant FPI selling pressure. The stock is expected to relatively underperform its peers.

Pankaj Pandey’s track record: 10 graded calls · 95% CI 2–40%

HDFC BankNeutralCalled 25 Mar 2026Graded 19 Jul 2026
Verdict:MISS

HDFC Bank increased from ₹756.20 to ₹796.55 (+5.34%), contradicting the claim of being unlikely to perform.

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