Technical Outlook And Game Plan For HDFC Bank Ltd. ADR (NYSE: HDB)

HDFC Bank Ltd. ADR (HDB) concluded trading on Wednesday at a closing price of $56.40, with 3.16 million shares of worth about $178.47 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -2.62% during that period and on April 3, 2024 the price saw a loss of about -0.91%. Currently the company’s common shares owned by public are about 2.53B shares, out of which, 2.53B shares are available for trading.

However, the stock later moved at a day high price of 55.32, or with a loss of -0.91%. Stock saw a price change of 3.43% in past 5 days and over the past one month there was a price change of 3.52%. Year-to-date (YTD), HDB shares are showing a performance of -15.96% which decreased to -15.40% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $52.16 but also hit the highest price of $71.39 during that period. The average intraday trading volume for HDFC Bank Ltd. ADR shares is 3.74 million. The stock is currently trading 1.24% above its 20-day simple moving average (SMA20), while that difference is up 2.48% for SMA50 and it goes to -7.72% lower than SMA200.

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HDFC Bank Ltd. ADR (NYSE: HDB) currently have 2.53B outstanding shares and institutions hold larger chunk of about 13.53% of that.

The stock has a current market capitalization of $142.82B and its 3Y-monthly beta is at 0.86. PE ratio of stock for trailing 12 months is 17.40, while it has posted earnings per share of $3.24 in the same period. Its PEG reads 1.22 while making debt-to-equity ratio of 1.83. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for HDB, volatility over the week remained 1.64% while standing at 1.61% over the month.

Stock’s fiscal year EPS is expected to rise by 3.17% while it is estimated to increase by 15.45% in next year. EPS is likely to grow at an annualized rate of 14.30% for next 5-years, compared to annual growth of 13.11% made by the stock over the past 5-years.

Stock get a Buy rating from Goldman on August 02, 2016.

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