Shares of HDFC Bank have moved -7.2% today, and are now trading at a price of $61.85. In contrast, the S&P 500 index saw a 1.0% change. Today's trading volume is 2,819,566 compared to the stock's average volume of 2,665,793.
HDFC Bank Limited provides banking and financial services to individuals and businesses in India, Bahrain, Hong Kong, and Dubai. The company is now trading -13.34% away from its average analyst target price of $71.38 per share. The 4 analysts following the stock have set target prices ranging from $66.5 to $76.0, and on average give HDFC Bank a rating of buy.
Over the last 52 weeks, HDB stock has risen 0.5%, which amounts to a -25.4% difference compared to the S&P 500. The stock's 52 week high is $71.39 whereas its 52 week low is $52.16 per share. Based on HDFC Bank's average net margin growth of 3.8% over the last 6 years, its core business is on track for profitability and its strong stock performance may continue in the long term.
| Date Reported | Total Revenue ($ k) | Net Profit ($ k) | Net Margins (%) | YoY Growth (%) |
|---|---|---|---|---|
| 2022 | 13,762,600 | 6,027,900 | 44 | 2.33 |
| 2021 | 11,762,600 | 5,087,500 | 43 | 2.38 |
| 2020 | 10,697,800 | 4,457,000 | 42 | 7.69 |
| 2019 | 8,942,000 | 3,452,500 | 39 | 5.41 |
| 2018 | 8,608,200 | 3,182,500 | 37 | 5.71 |
| 2017 | 7,807,800 | 2,741,700 | 35 |
