#HDFCBANK
70-80 points fall more and it will be at the long term trendline from the year 2000.
![](https://pbs.twimg.com/media/FNPyLxmVUAYaGDz.jpg)
More from Mayank Narula
Cyclical stocks (metals, commodities, even auto) have the lowest PE multiples right around the top when cycle is about to turn.
That's when they suck in the retail.
That's when they suck in the retail.
50 % drawdown in sail done from high of 150 to 75 now.
— Sandeep M (@Sandeep_Majjigi) May 23, 2022
Without knowing how to play the cyclicals one would lose a lot of money there looking at pe ratio in single digit.