For every 29 shares of CBOP u shall get 1 share of HDFC bank so every major move in HDFC bank shall be translated into CBOP.
for 1050 shares u shall get 36 shares of HDFC.After simple calculation price of a HDFC bank share comes out to be 1411.
So now question is 36 HDFC bank shares @ 1411.
Today HDFC bank @1514 is trading at 36.6 time its earning.
It has just reported37.1 % rise in net profit fot the fy08 q4.
The board has recommended 85% dividend against 70% last year. CAR was 13.6 %.
Purchase mor CBOP if price falls.