Things appear to be looking up for HDFC Bank Ltd. ADR (HDB)

HDFC Bank Ltd. ADR (NYSE: HDB) is -8.34% lower on its value in year-to-date trading and has touched a low of $52.16 and a high of $67.44 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 $60.51 in the last trading session, with the day’s gains setting it 1.0%.

Currently trading at $61.51, the stock is 1.67% and 1.07% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.2 million and changing 1.65% at the moment leaves the stock 3.88% off its SMA200. HDB registered -2.61% loss for a year compared to 6-month gain of 10.08%.

The stock witnessed a 2.09% loss in the last 1 month and extending the period to 3 months gives it a 4.10%, and is 0.65% up 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 1.48% over the week and 1.12% over the month.

HDFC Bank Ltd. ADR (HDB) has around 213527 employees, a market worth around $156.30B and $55.83B in sales. Current P/E ratio is 19.04 and Fwd P/E is 16.42. Profit margin for the company is 14.69%. Distance from 52-week low is 17.93% and -8.79% from its 52-week high. The company has generated returns on investments over the last 12 months (5.95%).

The EPS is expected to grow by 12.30% this year.

HDFC Bank Ltd. ADR (HDB) Top Institutional Holders

The shares outstanding are 2.54B, and float is at 2.54B with Short Float at 0.65%.

The top institutional shareholder in the company is MORGAN STANLEY with over 16.84 million shares valued at $1.08 billion. The investor’s holdings represent 0.2209% of the HDB Shares outstanding. As of 2024-06-30, the second largest holder is FIL LTD with 13.98 million shares valued at $899.08 million to account for 0.1834 of the shares outstanding. The other top investors are JPMORGAN CHASE & CO which holds 13.05 million shares representing 0.1712% and valued at over $839.33 million, while BAILLIE GIFFORD & CO holds 0.1513 of the shares totaling 11.53 million with a market value of $741.93 million.