HDFC Bank Limited (HDB) Shares are Up 1.32%

HDFC Bank Limited (HDB) : Traders are bullish on HDFC Bank Limited (HDB) as it has outperformed the S&P 500 by a wide margin of 1.61% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.35%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.32% in the last 1 week, and is up 2% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

HDFC Bank Limited is up 12.85% in the last 3-month period. Year-to-Date the stock performance stands at 15.71%. The stock has recorded a 20-day Moving Average of 1.74% and the 50-Day Moving Average is 4.82%.


HDFC Bank Limited (NYSE:HDB): The stock opened at $70.84 on Friday but the bulls could not build on the opening and the stock topped out at $70.97 for the day. The stock traded down to $70.21 during the day, due to lack of any buying support eventually closed down at $70.82 with a loss of -0.53% for the day. The stock had closed at $71.20 on the previous day. The total traded volume was 411,516 shares.

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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