Shares of HDFC Bank have moved 1.8% today, and are now trading at a price of $73.36. In contrast, the S&P 500 index saw a -3.0% change. Today's trading volume is 3,246,695 compared to the stock's average volume of 3,106,209.
HDFC Bank Limited engages in the provision of banking and financial services to individuals and businesses in India, Bahrain, Hong Kong, Singapore, and Dubai. Based in Mumbai, India the company has 214,521 full time employees and a market cap of $187,134,296,064. HDFC Bank currently offers its equity investors a dividend that yields 30.5% per year.
The company is now trading -6.18% away from its average analyst target price of $78.2 per share. The 4 analysts following the stock have set target prices ranging from $74.0 to $83.0, and on average give HDFC Bank a rating of buy.
Over the last 52 weeks, HDB stock has risen 23.6%, which amounts to a 18.1% difference compared to the S&P 500. The stock's 52 week high is $75.33 whereas its 52 week low is $54.99 per share. With its net margins declining an average -1.6% over the last 6 years, HDFC Bank may not have a strong enough profitability trend to support its stock price.
| Date Reported | Total Revenue ($ k) | Net Profit ($ k) | Net Margins (%) | YoY Growth (%) |
|---|---|---|---|---|
| 2023 | 22,244,800 | 7,471,400 | 34 | -22.73 |
| 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 |
