Following the merger of HDFC and HDFC Bank on July 24 last year, HDFC Bank’s market-cap was 82% higher than ICICI Bank. ICICI Bank was valued at ₹6.94 lakh crore then while HDFC Bank’s market- cap stood at ₹12.66 lakh crore. On Monday, this gap was reduced to 41%, with HDFC valued at ₹11.49 lakh crore and ICICI Bank at ₹8.14 lakh crore.
Hedge with insurance stocks: HDFC Life, SBI Life, & ICICI Prudential may offer 16-20% returns
Asit C. Mehta brokerage firm has initiated coverage on the life insurance industry, highlighting its strong growth potential despite recent regulatory challenges and shifting consumer