Is This Stock a Screaming Buy: HDFC Bank Limited (NYSE:HDB)

Equity Research firms currently have a positive stance on shares of HDFC Bank Limited (NYSE:HDB). The majority of analysts covering the equity have a consensus Strong Buy recommendation on the stock, yielding a score of 1.50. This is based on the research brokerage reports taken into consideration by Thomson Reuters. Those same analysts are projecting that the stock will reach $79.50 on a short term basis.

At the time of writing, the stock was trading at $72.21. This represents a change from the opening price of -0.45%. In terms of performance, year to date, the stock is 17.84%. The monthly stock performance comes in at -2.36%. For the quarter, shares are performing at 7.10%. Weekly performance analysis shows the equity at 1.25%.

In taking a look at technical levels, shares are trading 1.26% away from the 50 day simple moving average and 13.45% away from the 200 day simple moving average. Based on a recent bid, the stock is trading -2.47% away from it’s 52- week high and 42.20% away from its 52 week low. After the recent moves, investors may also look to see if the stock has entered oversold or overbought territory and could be ripe for a bounce. As of writing, HDFC Bank Limited’s RSI stands at 52.78. In looking at volatility levels, the shares saw weekly volatility of 1.13% and 1.32% over the past month.

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