As interest rates going down all financial institutes report good earnings,Many BFI stocks have reacted by now.
HDFC is showing turnaround after bad years though no body noticed.
When last time interest cut it had a big bull run on 2011,before the split.
look at the figuers,
2012 2013 2014
march 0.08 0.59 1.58
june 0.08 0.19
sep 0.00 1.68
dec 0.70 1.15
FY 0.86 3.61
NAVPS 41.38
Technically has a buy signal,with increased volume in last few days.
Trading above the 200day MA after long time,
MACD -crossed 0 below upward
RSI -showing increasing buying
ADX -Yet to confirm bullish trend
If next couple of quarters goes well it may reach the next fib level of Rs.66
your comments!