HDFC Bank Ltd. ADR (NYSE: HDB) is -5.29% lower on its value in year-to-date trading and has touched a low of $54.07 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 $59.82 in the last trading session, with the day’s gains setting it 0.66%.
Currently trading at $60.48, the stock is 0.74% and 0.17% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.14 million and changing 1.10% at the moment leaves the stock -2.16% off its SMA200. HDB registered 8.23% gain for a year compared to 6-month loss of -1.67%.
The stock witnessed a -0.15% gain in the last 1 month and extending the period to 3 months gives it a -10.15%, and is 0.27% 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 1.80% over the week and 1.29% over the month.
HDFC Bank Ltd. ADR (HDB) has around 213527 employees, a market worth around $154.25B and $56.79B in sales. Current P/E ratio is 18.54 and Fwd P/E is 17.87. Profit margin for the company is 14.64%. Distance from 52-week low is 11.86% and -11.71% 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 5.93% 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.
The shares outstanding are 2.55B, and float is at 2.55B with Short Float at 0.75%.
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.
