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 2.76M but it saw 3616191 shares traded in last market. With a market cap of 172.50B USD, the company’s current market price of $67.71 came rising about 0.04 while comparing to the previous closing price of $67.68. In past 52 weeks, the stock remained buoying in the range of price level as high as $67.84 and as low as $52.16. In the recent trading on the day, stock has struck highest price mark of $67.69 while lowest mark touched by it was $68.41.

Taking a look at 20-day trading activity of HDFC Bank Ltd. ADR (HDB) gives us an average price of $64.65, while its current price level is -0.19% below from 52-week high level whereas it is 29.81% 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 $63.39 while that of 200 days or SMA-200 reads an average of $60.17. A closer look into the stock’s movement over the week reveals that its volatility is standing at 0.93% during that period while stretching the period over a month that increases to 1.24%. 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 66.53 which implies that the stock is in neutral territory.

Over the week, HDB’s stock price is moving 0.31% up while it is 5.40% when we observe its performance for the past one month. Year-to-date it is 0.89% up and over the past year, the stock is showing an upside performance of 7.68%.

Currently, HDFC Bank Ltd. ADR’s total number of outstanding shares is 2.55B. Company’s return on investment (ROI) stands at 6.06% and return on equity (ROE) at 15.37%. It has a price to earnings ratio (P/E ratio) of 20.76 while having a 18.73 of forward P/E ratio. Stock’s beta reads 0.91. Stock has a price to book (P/B) ratio of 3.00 while price to sale or P/S ratio amounts to 3.01. Its return on asset (ROA) is 1.75% on average.