Why some bank stocks under performed today?

Why some bank stocks under performed today? (HDFC, Kotak mahindra, yes bank)

@Karthik
@Bhuvan


Thanks and regards
Vijay

All are private banks, govt is infusing money to govt owner banks. That’s why stocks you mentioned under performed.

Axisbank and ICICIbank are also pvt but they r up… ICICIbank is 14% up… :scream:

Why was IDFCBank an under-performer, it is also a govt enterprise right or am I mistaken?

RBI has put fine on YesBank, IDFCBank.

RBI penalises Yes Bank & IDFC Bank for violations

About ICICIBank still a puzzle :scream: who/whr is the missing link?:sushing_face:

That’s a lame reason yesbank fined 6 cr and idfc 2 cr
Yesbank reports 800 cr pft… What is 6 cr
I think it might be rotational trade…
Sell golden stocks like hdfc indus yes
Buy gold looking (brass) stocks like bob pnbs and what not…
Personal views :wink:

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@Lakshmikanth_Jadhav. No it’s a private bank, source Wikipedia, that’s why it underperformed
Check this out this may cause idfc to crash today.(https://m.economictimes.com/markets/stocks/earnings/idfc-bank-reports-40-yoy-fall-in-q2-net-profit/articleshow/61220567.cms)

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@KarthikNarayan thank you. I had always thought IDFC is a govt organization. Thanks for enlightening. Just goes to show how small things like this impairs decision making, took a position in this bank y’day as I thought this is the only Govt bank which has not run-up, but now I have to take steps to manage my exit. Adding to that the poor results.

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How you could do this sir @Lakshmikanth_Jadhav
You should have waited for the movement.
Plan your exit smartly.

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Sure @Lets_Invest. Thank you.

Please do the research better from next time sir within minutes you can get all information available online. All the best.