HDB Stock Summary and Trading Ideas (HDFC Bank | NYSE:HDB)

HDFC Bank Ltd is an Indian bank. It operates in the following segments; Treasury, Retail banking, Wholesale banking, and Other banking business. The maximum revenue for the company is generated from its Retail banking segment which serves retail customers through its branch network and other channels. This segment raises customer deposits and provides loans and other services to customers using different product groups. Its other operations include providing wholesale banking services to corporates, government entities, and other enterprises, generating income from its treasury operations, and performing para banking activities such as offering credit cards, debit cards, etc. Geographically, the company generates a majority of its revenue from its operations in India.

HDFC Bank trades on the NYSE stock market under the symbol HDB.

As of November 29, 2024, HDB stock price declined to $66.76 with 1,940,624 million shares trading.

HDB has a beta of 0.09, meaning it tends to be less sensitive to market movements. HDB has a correlation of 0.00 to the broad based SPY ETF.

HDB has a market cap of $170.05 billion. This is considered a Large Cap stock.

In the last 3 years, HDB traded as high as $72.20 and as low as $50.61.

The top ETF exchange traded funds that HDB belongs to (by Net Assets): XCEM, BIDD, OSEA, JEMA, DFEM.

HDB has underperformed the market in the last year with a return of +11.4%, while SPY returned +34.1%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in HDB shares. However, HDB has outperformed the market in the last 3 month and 2 week periods, returning +9.4% and +7.9%, while SPY returned +8.2% and +2.9%, respectively. This indicates HDB has been having a stronger performance recently.

HDB support price is $66.61 and resistance is $68.39 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that HDB shares will trade within this expected range on the day.