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₹1,009.50 26 NOV 2025 · one-year high
₹721.20 1 OCT 2026 · latest close
Price chartHDFCBANK · ₹721.20 · −24.1% in a year
ProfitsTCS · ₹49,454 cr · last full year
News“What will bring foreign investors back to Ind…”
RatiosINFY · P/E 14.5 · ROE 31.7%
Who’s buyingICICIBANK · foreign 49.8% · domestic 42.3%

HDFC BANK · NSE · ONE YEAR

Down 24% in a year. But why?

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Is HDFC Bank cheap after the merger?

FINANCIALSget_financials · ten years of filed results
PRICESget_stock_quote · today’s price, both banks
NEWSget_stock_news_feed · what was reported, and when
OWNERSHIPget_shareholding · who owns it, quarter by quarter
PEERSget_peer_comparison · how it stands against ICICI Bank

DoXy

Waiting for a question

Is HDFC Bank cheap after the merger? Compare its P/B and ROE with ICICI Bank and tell me what FIIs have been doing.
D DoXy
✓DoXy IntelligencePreparing investment analysis…Research completed · 20 sources · 4 financials46s
✓Screening4 results0s
✓Market Data6 metrics14sChecking prices for 2 stocks · 2 rows · 6.9sChecking fundamentals · 2 rows · 6.9s
✓Shareholding & Flows16 datasets14s
✓Financial Statements16 datasets14sReading HDFCBANK's financials · 8 rowsReading ICICIBANK's financials · 8 rows
✓Market Intelligence18 sources0s
✓Peer Analysis1 peers0s
HDHDFCBANKHDFC Bank Ltd₹706.65+0.83%ICICICIBANKICICI Bank Ltd₹1,430+0.25%

I'll analyze HDFC Bank's post-merger valuation, compare it with ICICI Bank, and check FII positioning.

Priced below ICICI Bank on book value

HDFC Bank trades at about 2.11x its book value against ICICI Bank's 2.78x, while earning a similar return on shareholders' money (13.6% vs 15.9%). Foreign investors have been net sellers of the stock.

Core comparison: HDFC Bank vs ICICI Bank

MetricHDFC BankICICI Bank
Current price (EOD)₹706.65₹1,430.00
P/E (standalone FY26)16.11x18.49x
P/B (standalone FY26)2.11x2.78x
ROE (latest)13.6%15.9%
ROCE (latest)7.02%7.18%
52-week drawdown-30.7%-3.4%

Valuation gap: HDFC Bank trades at about 2.11x book value and ICICI Bank at 2.78x, while the returns the two banks earn on shareholders' money are close.

Replayed from a real DoXy session · 3 Sep 2026

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