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The BSE stock is up 86 per cent in the last six months, led by market share gains, and it is currently trading at a PE of 38 times its FY25 and 30 times its FY26 earnings per share against a 5-year average 1 year forward PE of 21 times.
Bank stocks: Kranthi Bathini, Director of Equity Strategy at WealthMills Securities said that since the weightage of HDFC Bank in key indices is high, it is creating pressure on both futures and options market as well as cash market.
Mumbai/UNI: The BSE Sensex on Wednesday lost another 286 points at 69,264.53 in the opening session as selling was seen in IT, Bankex, consumer durables, and metal stocks. ....
The BSE Sensex on Monday ended at an all time high at 68,865.12, surging 1383.90 following gains in Oil and Gas, Bankex, Utilities and Power stocks amid excellent performance shown by BJP in recent assembly elections. ....