HDFC Bank Ltd. ADR (NYSE: HDB) is -5.83% 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 $63.03 in the last trading session, with the day’s gains setting it 0.17%.
Currently trading at $63.20, the stock is 1.40% and 1.20% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.26 million and changing 0.27% at the moment leaves the stock 7.02% off its SMA200. HDB registered 11.78% gain for a year compared to 6-month gain of 8.02%. The firm has a 50-day simple moving average (SMA 50) of $62.4506 and a 200-day simple moving average (SMA200) of $59.05225.
The stock witnessed a 4.83% loss in the last 1 month and extending the period to 3 months gives it a 8.89%, and is -0.71% 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 1.37% over the week and 1.22% over the month.
HDFC Bank Ltd. ADR (HDB) has around 213527 employees, a market worth around $160.75B and $57.32B in sales. Current P/E ratio is 19.38 and Fwd P/E is 17.44. Profit margin for the company is 14.48%. Distance from 52-week low is 21.17% and -6.29% from its 52-week high. The company has generated returns on investments over the last 12 months (6.06%).
The EPS is expected to grow by 10.74% this year, but quarterly earnings will post -34.80% year-over-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 0.74%.
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.
HDFC Bank Ltd. ADR (HDB) Insider Activity
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