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I m having HDFC bank with 50%profit now.Its more than its intrinsic value .can I book profit ?

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Having 50 nos HDFC bank@962-/- with 50%profit  now.It is more than  the intrinsic  value. Can I sell now? I m planning to hold for 5-7 yrs.

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HDFC Bank as of Nov 2020 have Intrinsic Value around Rs. 1600 so it can still ride higher coupled with Facts like Growing Business, Improving Sales/Profit/EPS & Higher Interest Coverage Ratio.

Plus, the current Corona Improvement scenarios coupled with US Election Victory would Accelerate the Vaccine Availability & So next 1-2 year we could see the Banking Stocks at Real Peak along with EPS growth & Higher Intrinsic Value around Rs. 2000.

So the recommendation would be hold for 1-2 year more to gain more returns.

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