HDFC Bank Limited (HDB) : Zacks Investment Research ranks HDFC Bank Limited (HDB) as 3, which is a Hold recommendation. 2 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. The average broker rating of 3 research analysts is 1.17, which indicates as a Strong Buy.
HDFC Bank Limited (HDB) : The highest level HDFC Bank Limited (HDB) is projected to reach is $79 for the short term and the lowest estimate is at $72. The consolidated price target from 2 rating analysts who initiate coverage on the stock is $75.6 and the possibility the share price can swing is $5.09.
For the current week, the company shares have a recommendation consensus of Buy. 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 $68.47 and $68.26 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $69.59. The buying momentum continued till the end and the stock did not give up its gains. It closed at $69.45, notching a gain of 1.28% for the day. The total traded volume was 631,078 . The stock had closed at $68.57 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.