HDFC Bank Ltd. (HDB) Sees Strong Trading Volume
HDFC Bank Ltd. (NYSE:HDB) saw strong trading volume on Tuesday . 591,369 shares were traded during trading, an increase of 4% from the previous session’s volume of 567,750 shares.The stock last traded at $71.81 and had previously closed at $70.94.
Separately, Goldman Sachs Group Inc. upgraded shares of HDFC Bank from a “neutral” rating to a “buy” rating in a research report on Tuesday, August 2nd.
The firm has a 50 day moving average of $69.79 and a 200 day moving average of $63.82. The company has a market capitalization of $367.24 billion and a price-to-earnings ratio of 193.16.
A hedge fund recently raised its stake in HDFC Bank stock. Ameriprise Financial Inc. raised its stake in shares of HDFC Bank Ltd. (NYSE:HDB) by 9.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,221,316 shares of the company’s stock after buying an additional 109,736 shares during the period. Ameriprise Financial Inc.’s holdings in HDFC Bank were worth $75,219,000 as of its most recent SEC filing.
HDFC Bank Limited (HDFC Bank) is a banking company. The Bank is engaged in providing a range of banking and financial services including commercial banking and treasury operations. It operates in four segments: Treasury, Retail Banking, Wholesale banking and other banking business. The treasury segment primarily consists of net interest earnings from the Bank’s investment portfolio, money market borrowing and lending, gains or losses on investment operations.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.