Private banks are trading at a price-to-book (P/B) valuation of 2.3 against the 10-year average of 2.5. On the other hand, the PB of PSU banks is at 1.2 against the long term average of 0.8.
Indian benchmark indices ended in the red on Thursday dragged by auto, IT and metal bank stocks. While Nifty closed at 22,397.20, down by 73.30
Technology spending is now essential, with Indian IT firms poised for continued growth despite cyclic slowdowns. HDFC Technology Fund adopts a bottom-up approach, balancing industry
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