HDFC results tepid

Though the man himself was there to present the results, a profit growth of just 16% and a topline of just under $1 bln is growing on the company’s investors like a long clinging shadow you want to be rid of. Still the stock remains stable and the comapny is growing its book near 20% In a non Asian economy the double digit growth in profits could indeed have been appreciated, but in the indian context it means the slowdown shadows are just around the corner unless the company can put it behind it given the drop in interest rates. Also crude is falling so, the experiment with reducing interest rates need not be cancelled by the 8.65% inflation rate from March announced last week

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