HDFC Bank Ltd. (HDB) Reaches New 1-Year High at $72.75
HDFC Bank Ltd. (NYSE:HDB)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $72.75 and last traded at $72.50, with a volume of 393,208 shares trading hands. The stock had previously closed at $71.65.
Separately, Goldman Sachs Group Inc. raised shares of HDFC Bank from a “neutral” rating to a “buy” rating in a report on Tuesday, August 2nd.
The company’s 50 day moving average is $70.06 and its 200-day moving average is $63.94. The company has a market cap of $368.36 billion and a price-to-earnings ratio of 193.75.
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.
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