HDFC to appreciate by 20% on a CAGR basis: Sangeeta Purushottam, Managing Director, Nine Rivers Capital

In a chat with ET Now, Sangeeta Purushottam, MD, Nine Rivers Capital, gives her views on SBI and HDFC Bank.

ET Now: From a 3-year basis which to your mind will create more wealth, SBI or HDFC Bank?

Sangeeta Purushottam: Over a 3 to 4-year basis, SBI will create more wealth but HDFC will give you less headache. So, it will be just more steady. HDFC is seen very much closer to, in essence, the consumer bank because of the steadiness and visibility.

ET Now: So, if HDFC Bank is growing at a run rate of about 30% plus and it is remarkable the way they have maintained that, do you think the stock also has potential to appreciate by at least 20% on a CAGR basis?

Sangeeta Purushottam: Yes, I think it could.