Should Investors Trust The Upside Potential In HDFC Bank Ltd. ADR (HDB)?

HDFC Bank Ltd. ADR (NYSE:HDB) currently has a daily average trading volume of 2.89M but it saw 4686339 shares traded in last market. With a market cap of 153.31B USD, the company’s current market price of $60.29 came falling about -3.26 while comparing to the previous closing price of $62.32. In past 52 weeks, the stock remained buoying in the range of price level as high as $67.44 and as low as $52.16. In the recent trading on the day, stock has struck highest price mark of $60.15 while lowest mark touched by it was $61.64.

Taking a look at 20-day trading activity of HDFC Bank Ltd. ADR (HDB) gives us an average price of $63.26, while its current price level is -10.60% below from 52-week high level whereas it is 15.59% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $61.44 while that of 200 days or SMA-200 reads an average of $59.34. A closer look into the stock’s movement over the week reveals that its volatility is standing at 1.90% during that period while stretching the period over a month that decreases to 1.34%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 35.77 which implies that the stock is in neutral territory.

Over the week, HDB’s stock price is moving -8.37% down while it is -2.30% when we observe its performance for the past one month. Year-to-date it is -10.16% down and over the past year, the stock is showing an upside performance of 4.82%.

Currently, HDFC Bank Ltd. ADR’s total number of outstanding shares is 2.54B. Company’s return on investment (ROI) stands at 5.95% and return on equity (ROE) at 17.44%. It has a price to earnings ratio (P/E ratio) of 18.66 while having a 16.12 of forward P/E ratio. Stock’s beta reads 0.91. Stock has a price to book (P/B) ratio of 2.68 while price to sale or P/S ratio amounts to 2.75. Its return on asset (ROA) is 2.07% on average.