HDFC Bank Ltd. ADR (HDB) Is Now En Route to Higher Prices

HDFC Bank Ltd. ADR (NYSE: HDB) is -6.86% lower on its value in year-to-date trading and has touched a low of $53.00 and a high of $68.50 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 $59.58 in the last trading session, with the day’s loss setting it -0.1%.

Currently trading at $59.48, the stock is -1.37% and -3.94% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.12 million and changing -0.17% at the moment leaves the stock -3.40% off its SMA200. HDB registered 8.56% gain for a year compared to 6-month gain of -1.02%.

The stock witnessed a -1.98% loss in the last 1 month and extending the period to 3 months gives it a -4.56%, and is -1.15% 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 1.00% over the week and 1.11% over the month.

HDFC Bank Ltd. ADR (HDB) has around 213527 employees, a market worth around $151.69B and $56.79B in sales. Current P/E ratio is 18.23 and Fwd P/E is 17.54. Profit margin for the company is 14.64%. Distance from 52-week low is 12.23% and -13.17% from its 52-week high. The company has generated returns on investments over the last 12 months (6.16%).

with sales reaching $434.68B over the same period.The EPS is expected to grow by 6.10% this year, but quarterly earnings will post 7.75% year-over-year. Quarterly sales are estimated to shrink -7.99% in year-over-year returns.

HDFC Bank Ltd. ADR (HDB) Top Institutional Holders

The shares outstanding are 2.55B, and float is at 2.55B with Short Float at 0.56%.

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 0.1832 of the shares outstanding. The other top investors are JPMORGAN CHASE & CO which holds 13.05 million shares representing 0.171% and valued at over $839.33 million, while BAILLIE GIFFORD & CO holds 0.1511 of the shares totaling 11.53 million with a market value of $741.93 million.