Are we looking at the next big move in HDFC Bank Ltd. ADR (HDB)?

HDFC Bank Ltd. ADR (NYSE: HDB) is -7.41% 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 $64.52 in the last trading session, with the day’s loss setting it -2.38%.

Currently trading at $62.14, the stock is -1.99% and -1.08% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.96 million and changing -3.69% at the moment leaves the stock 4.73% off its SMA200. HDB registered 8.41% gain for a year compared to 6-month gain of 11.06%. The firm has a 50-day simple moving average (SMA 50) of $62.821 and a 200-day simple moving average (SMA200) of $59.33525.

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The stock witnessed a 0.55% loss in the last 1 month and extending the period to 3 months gives it a 5.61%, and is -3.27% 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 1.41% over the week and 1.32% over the month.

HDFC Bank Ltd. ADR (HDB) has around 213527 employees, a market worth around $158.06B and $57.32B in sales. Current P/E ratio is 19.05 and Fwd P/E is 17.15. Profit margin for the company is 14.48%. Distance from 52-week low is 19.13% and -7.86% 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 10.71% 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.