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HDFC Bank Limited (HDB): Investors are paying attention to this stock

Let’s start up with the current stock price of HDFC Bank Limited (HDB), which is $67.61 to be very precise. The Stock rose vividly during the last session to $71.76 after opening rate of $71.00 while the lowest price it went was recorded $70.56 before closing at $71.44.Recently in News on July 29, 2022, HDFC Bank Limited 20-F Available Online. HDFC Bank Limited (NYSE : HDB) filed its Form 20-F for the year ended March 31, 2022 on July 29, 2022. Filings made by HDFC Bank Limited with SEC are available from the SEC’s EDGAR database via the direct link to its website located under “About Us/Investor-relations/SEC Filings” on HDFC Bank’s website, or via www.sec.gov. Shareholders/Members of the Bank may also write to Mr. Santosh Haldankar, Senior Vice President (Legal) & Company Secretary, HDFC Bank Limited, 2nd Floor, Zenith House, Keshavrao Khadye Marg, Mahalakshmi, Mumbai 400 034, India, santosh.haldankar@hdfcbank.com, requesting a hard copy of the completed audited financial statements free of charge. You can read further details here

HDFC Bank Limited had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $71.76 on 01/24/23, with the lowest value was $64.77 for the same time period, recorded on 01/17/23.

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HDFC Bank Limited (HDB) full year performance was 3.64%

Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, HDFC Bank Limited shares are logging -5.79% during the 52-week period from high price, and 33.58% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $50.61 and $71.76.

The company’s shares, operating in the sector of Financial managed to top a trading volume set approximately around 867269 for the day, which was evidently lower, when compared to the average daily volumes of the shares.

When it comes to the year-to-date metrics, the HDFC Bank Limited (HDB) recorded performance in the market was 4.43%, having the revenues showcasing 18.77% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 114.10B, as it employees total of 129341 workers.

Analysts verdict on HDFC Bank Limited (HDB)

During the last month, 29 analysts gave the HDFC Bank Limited a BUY rating, 2 of the polled analysts branded the stock as an OVERWEIGHT, 4 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.

According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 64.91, with a change in the price was noted +6.16. In a similar fashion, HDFC Bank Limited posted a movement of +10.09% for the period of last 100 days, recording 1,347,952 in trading volumes.

Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for HDB is recording 0.62 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.62.

HDFC Bank Limited (HDB): Technical Analysis

Raw Stochastic average of HDFC Bank Limited in the period of last 50 days is set at 34.91%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 34.91%. In the last 20 days, the company’s Stochastic %K was 76.01% and its Stochastic %D was recorded 89.23%.

Let’s take a glance in the erstwhile performances of HDFC Bank Limited, multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 4.43%. Additionally, trading for the stock in the period of the last six months notably improved by 20.78%, alongside a boost of 3.64% for the period of the last 12 months. The shares increased approximately by 6.63% in the 7-day charts and went up by 3.07% in the period of the last 30 days. Common stock shares were driven by 18.77% during last recorded quarter.

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