It’s Not A Fantasy To Think That HDFC Bank Ltd. ADR (HDB) Has Big Future Potential

HDFC Bank Ltd. ADR (NYSE:HDB) currently has a daily average trading volume of 2.48M but it saw 3932417 shares traded in last market. With a market cap of 162.52B USD, the company’s current market price of $63.72 came rising about 0.87 while comparing to the previous closing price of $63.17. In past 52 weeks, the stock remained buoying in the range of price level as high as $68.50 and as low as $54.07. In the recent trading on the day, stock has struck highest price mark of $63.11 while lowest mark touched by it was $64.18.

Taking a look at 20-day trading activity of HDFC Bank Ltd. ADR (HDB) gives us an average price of $60.54, while its current price level is -6.98% below from 52-week high level whereas it is 17.85% 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 $60.18 while that of 200 days or SMA-200 reads an average of $61.95. A closer look into the stock’s movement over the week reveals that its volatility is standing at 1.31% during that period while stretching the period over a month that increases to 1.38%. 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 66.96 which implies that the stock is in neutral territory.

Over the week, HDB’s stock price is moving 6.15% up while it is 4.89% when we observe its performance for the past one month. Year-to-date it is -0.22% down and over the past year, the stock is showing an upside performance of 13.77%.

The company is expected to be releasing its next quarterly report on 2024-Jul-21, for which analysts forecasted an EPS of 0.48 while estimate for next year EPS is 2.51. Moreover, analysts are in estimates of $434.68B for current-quarter revenue.

Currently, HDFC Bank Ltd. ADR’s total number of outstanding shares is 2.55B with 0.00% of that held by the insiders while 14.26% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 6.16% and return on equity (ROE) at 14.96%. It has a price to earnings ratio (P/E ratio) of 19.53 while having a 18.83 of forward P/E ratio. Stock’s beta reads 0.71. Stock has a price to book (P/B) ratio of 2.77 while price to sale or P/S ratio amounts to 2.86. Its return on asset (ROA) is 1.73% on average.