26-Apr-2024
No press releases found.
HDFC Bank Fined for Tax Irregularities
TipRanks (Thu, 25-Apr 6:30 AM ET)
HDFC Bank Faces Minor Tax Penalty
TipRanks (Wed, 24-Apr 6:58 AM ET)
HDFC Bank Faces Penalty Over Tax Credit Issue
TipRanks (Wed, 24-Apr 6:57 AM ET)
HDFC Bank Faced With GST Penalty
TipRanks (Tue, 23-Apr 6:59 AM ET)
HDFC Bank Ltd is a large, publicly traded Indian bank. There are three units: retail banking, wholesale banking, and treasury. Retail banking services are offered through numerous branches and ATMs. Wholesale focuses on Indian corporations, and the treasury unit offers risk-management services, such as foreign exchange trading.
HDFC Bank trades on the NYSE stock market under the symbol HDB.
As of April 26, 2024, HDB stock price climbed to $58.34 with 1,253,046 million shares trading.
HDB has a beta of 0.39, meaning it tends to be less sensitive to market movements. HDB has a correlation of 0.03 to the broad based SPY ETF.
HDB has a market cap of $147.73 billion. This is considered a Large Cap stock.
In the last 3 years, HDB stock traded as high as $79.39 and as low as $50.61.
The top ETF exchange traded funds that HDB belongs to (by Net Assets): XCEM, CGXU, JEMA, TMFG, OSEA.
HDB has underperformed the market in the last year with a return of -14.2%, while the SPY ETF gained +27.4%. In the last 3 month period, HDB fell short of the market, returning +3.1%, while SPY returned +4.6%. However, in the most recent 2 weeks HDB has outperformed the stock market by returning +2.3%, while SPY returned -0.5%.
HDB support price is $57.40 and resistance is $59.26 (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 stock will trade within this expected range on the day.