Archive · 8 Oct 2026
HDFC Bank Shares Lag Despite CEO Clarity and Q2 Update
HDFC Bank shares have been doing less well than some investors might expect.
The report says this is happening even after CEO clarity and a Q2 update.
Rikin Shah of IIFL is positive about large private banks over the next two years.
But he thinks HDFC Bank's earnings will grow more slowly than those of some other private banks.
He names Axis, Kotak and ICICI Bank as comparisons.
The article does not say exactly how much earnings or share prices might change.
HDFC Bank shares are underperforming despite CEO clarity and a Q2 update.
IIFL's Rikin Shah is bullish on large private banks over a two-year period.
Shah expects HDFC Bank's earnings to compound more slowly than those of some private-bank peers.
The peers named for comparison are Axis Bank, Kotak and ICICI Bank.
The article does not provide specific share-price, earnings-growth or Q2 figures.
- Who
- HDFC Bank and IIFL analyst Rikin Shah.
- What
- HDFC Bank shares are underperforming, while Shah expects its earnings to compound more slowly than those of some private-bank peers.
- When
- The outlook discussed is over a two-year period; the article also refers to a Q2 update.
- Where
- Not specified in the article.
- Why
- Shah expects HDFC Bank's earnings to compound more slowly than those of peers including Axis, Kotak and ICICI Bank.
Positive sector outlook
More cautious HDFC Bank outlook
Large private banks
Positive sector outlook
Rikin Shah is bullish on large private banks over a two-year period.
More cautious HDFC Bank outlook
His relative caution is focused on HDFC Bank, whose earnings he expects to compound more slowly than those of certain peers.
- Analyst
- Rikin Shah of IIFL
- Outlook period
- Two years
- Broad sector view
- Bullish on large private banks
- HDFC Bank view
- Earnings expected to compound relatively more slowly than those of some private-bank peers
- Named peers
- Axis, Kotak and ICICI Bank
- Other context
- The article mentions CEO clarity and a Q2 update but gives no further details.