Why should you keep an eye on HDFC Bank Ltd. ADR (HDB)?

HDFC Bank Ltd. ADR (NYSE: HDB) is -19.91% lower on its value in year-to-date trading and has touched a low of $53.47 and a high of $71.39 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The HDB stock was last observed hovering at around $53.62 in the last trading session, with the day’s gains setting it 0.13%.

Currently trading at $53.75, the stock is -5.44% and -12.83% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.72 million and changing 0.24% at the moment leaves the stock -15.00% off its SMA200. HDB registered -20.79% loss for a year compared to 6-month loss of -19.26%.

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The stock witnessed a -17.75% gain in the last 1 month and extending the period to 3 months gives it a -5.05%, and is -1.92% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.99% over the week and 2.91% over the month.

HDFC Bank Ltd. ADR (HDB) has around May 12 2023 employees, a market worth around $136.09B and $41.20B in sales. Current P/E ratio is 16.58 and Fwd P/E is 15.43. Profit margin for the company is 17.34%. Distance from 52-week low is 0.52% and -24.71% from its 52-week high. The company has generated returns on investments over the last 12 months (4.80%).

HDFC Bank Ltd. ADR quarterly earnings per share for the current quarter are estimated at $0.52.The EPS is expected to grow by 3.48% this year, but quarterly earnings will post 20.50% year-over-year.

HDFC Bank Ltd. ADR (HDB) Top Institutional Holders

852 institutions hold shares in HDFC Bank Ltd. ADR (HDB), with institutional investors hold 13.71% of the company’s shares. The shares outstanding are 2.53B, and float is at 2.53B with Short Float at 0.31%. Institutions hold 13.71% of the Float.

The top institutional shareholder in the company is JP Morgan Chase & Company with over 29.63 million shares valued at $2.07 billion. The investor’s holdings represent 1.17% of the HDB Shares outstanding. As of Jun 29, 2023, the second largest holder is Morgan Stanley with 14.16 million shares valued at $987.17 million to account for 0.56% of the shares outstanding. The other top investors are FIL LTD which holds 12.06 million shares representing 0.48% and valued at over $840.7 million, while Harding Loevner LLC holds 0.37% of the shares totaling 9.34 million with a market value of $651.0 million.

HDFC Bank Ltd. ADR (HDB): Who are the competitors?

The company’s main competitors (and peers) include ICICI Bank Ltd. ADR (IBN) that is trading 17.03% up over the past 12 months.