Large Outflow of Money Witnessed in HDFC Bank Limited

HDFC Bank Limited (HDB) : Net money flow in HDFC Bank Limited (HDB) was negative ($0.73 million) and the inflow of money on uptick was $0.94 million, whereas, the outflow of money on downticks amounted to $1.67 million on Monday. The traders used every opportunity of price strength in the stock to sell their positions, hence, the total uptick to downtick ratio was 0.57. The block trades show that the large investors, were aggressive sellers in the stock. On the other hand, the total value of block trades done on downticks was $0.75 million. The money flow in block trades was negative ($0.75). HDFC Bank Limited (HDB) gained $0.07 cent during the day and reached $68.59, a gain of 0.1% over the previous day.


HDFC Bank Limited is up 9.34% in the last 3-month period. Year-to-Date the stock performance stands at 12.26%. Shares of HDFC Bank Limited rose by 1% in the last five trading days and 5.58% for the last 4 weeks.

HDFC Bank Limited (NYSE:HDB): stock turned positive on Monday. Though the stock opened at $68.44, the bulls momentum made the stock top out at $68.91 level for the day. The stock recorded a low of $68.28 and closed the trading day at $68.71, in the green by 0.28%. The total traded volume for the day was 340,960. The stock had closed at $68.52 in the previous days trading.

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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