HDFC Bank Limited (HDB) Receives Price Target

HDFC Bank Limited (HDB) has been rated by 2 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $82 and the lowest price target forecast is $72. The average forecast of all the analysts is $76.9 and the expected standard deviation is $6.93.

HDFC Bank Limited (HDB) : The consensus on HDFC Bank Limited (HDB) based on 3 analyst recommendation on the company stock is 1.17, which is interpreted as a Strong Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 2 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future.


HDFC Bank Limited (NYSE:HDB): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $72.06 and $71.85 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $72.75. The buying momentum continued till the end and the stock did not give up its gains. It closed at $72.58, notching a gain of 1.30% for the day. The total traded volume was 936,789 . The stock had closed at $71.65 on the previous day.

HDFC Bank Limited (HDFC Bank) is a banking company. The Bank is engaged in providing a range of banking and financial services including commercial banking and treasury operations. It operates in four segments: Treasury, Retail Banking, Wholesale banking and other banking business. The treasury segment primarily consists of net interest earnings from the Banks investment portfolio, money market borrowing and lending, gains or losses on investment operations. The retail banking segment serves retail customers through a branch network and other delivery channels. The wholesale banking segment provides loans, non-fund facilities and transaction services to large corporates, emerging corporates, public sector units, Government bodies, financial institutions and medium scale enterprises. Other banking business segment includes income from para banking activities, such as credit cards, debit cards, third-party product distribution, primary dealership business and the associated costs.

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