This past week, both HDFC Bank and State Bank of India (SBI) demonstrated positive movement in their stock prices on the NSE. Here’s a breakdown of their performance from November 4 to November 8, 2024.
Stock Performance Overview
- SBI: Closed at ₹841.10, marking an increase of ₹27.05 or a 3.32% rise over the five-day period.
- HDFC Bank: Ended the week at ₹1,751.90, gaining ₹21.70 or a 1.25% increase during the same timeframe.
Key Metrics Comparison
- Price Range for Nov 8:
- SBI: ₹834.20 to ₹863.50
- HDFC Bank: ₹1,745.85 to ₹1,761.80
- Market Capitalization:
- SBI: ₹7.52 trillion
- HDFC Bank: ₹13.41 trillion
- Dividend Yield:
- SBI: 1.63%
- HDFC Bank: 1.11%
- P/E Ratio:
- SBI: 11.06
- HDFC Bank: 19.32
Analysis
SBI outperformed HDFC Bank in terms of weekly price growth percentage, achieving a 3.32% increase compared to HDFC Bank’s 1.25%. Despite this, HDFC Bank remains a larger entity in terms of market capitalization and maintains a higher P/E ratio, suggesting stronger growth expectations in the market.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Readers are encouraged to conduct their own research or consult a financial advisor before making any investment decisions.
