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HDFC Bank Limited (HDB) moved down -35.81% from 52 weeks low: Is it Too Late to Be Bullish?

HDFC Bank Limited (NYSE:HDB) previous close was $76.03 while the outstanding shares total 1.83B. The firm has a 12-month trailing P/E ratio of 195.95, and a growth ratio of 8.23. HDB’s shares traded higher over the last trading session, gaining 0.51% on 06/02/21. The shares fell to a low of $75.91 before closing at $76.42. Intraday shares traded counted 0.99 million, which was 37.23% higher than its 30-day average trading volume of 1.57M. The stock’s Relative Strength Index (RSI) is 59.96, with weekly volatility at 1.56% and ATR at 1.67. The HDB stock’s 52-week price range has touched low of $40.61 and a $84.70 high.

Investors have identified the Banks – Regional company HDFC Bank Limited as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $139.64 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.

Potential earnings growth for HDFC Bank Limited (HDB)

What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 1.98 billion trying to sell their products during the last quarter, with the result yielding a gross income of 2.36 billion. This allows shareholders to hold on to 1.83B with the recently reported earning now reading 0.65 cents per share. This is a figure that compared to analyst’s prediction for their 07/19/2021 (0.63 cents a share).

Having a look at the company’s valuation, the company is expected to record 3.36 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on HDB sounds very interesting.

Is the stock of HDB attractive?

35 out of 43 analysts covering the stock have rated it a Buy, while 1 have maintained a Hold recommendation on HDFC Bank Limited. 1 analysts has assigned a Sell rating on the HDB stock. The 12-month mean consensus price target for the company’s shares has been set at $94.00.

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