Sell HDFC Bank

Sell HDFC BankTechnical Analyst Sudarshan Sukhani has maintained 'sell' rating on HDFC Bank stock to achieve a term target of Rs 1920.

According to Mr. Sukhani, investors can sell the stock with a stop loss of Rs 1995.

Mr. Sukhani also said that if the stock fell below 1910, then it will see more downfall in the coming trading sessions.

Today, the shares of the bank opened at Rs 1960 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 2009.90 and a low of Rs 1142 on BSE.

Current EPS & P/E ratio stood at 64.42 and 30.42 respectively.

After selling the stock, the interested investors can reenter the stock on declines for medium or long term.

HDFC Bank has increased the time limit for its teaser loan plan till June 30.

Under the plan, the borrowers will be getting a fixed rate of 8.25% for the initial year that is till March 2011.

The rate goes up to 9% during the second year, while the rate of interest will be a floating one from the third year onwards.

According to the bank, the clients' those who avail at-least part of the loan by June 30 will enjoy this offer.