HDFC Bank Limited (NYSE:HDB – Get Free Report) shares hit a new 52-week low during trading on Thursday. The stock traded as low as $21.74 and last traded at $21.7250, with a volume of 3546290 shares changing hands. The stock had previously closed at $22.14.
Trending Headlines about HDFC Bank
Here are the key news stories impacting HDFC Bank this week:
- Positive Sentiment: Emkay Global Financial Services reaffirmed its Buy rating, supporting the bank’s longer-term outlook. Separately, a report said HDFC Bank’s shares rose after deposits increased, suggesting continued balance-sheet growth. Emkay Buy rating
- Neutral Sentiment: Multiple law firms—including Hagens Berman, SueWallSt, Pomerantz, SBS, Rosen, Faruqi & Faruqi, and others—are soliciting investors who purchased HDB securities between July 17, 2023, and May 26, 2026. The notices largely repeat the same pending lawsuit and October 13 lead-plaintiff deadline, rather than announcing a new company filing or court ruling. Hagens Berman class action notice
- Negative Sentiment: The pending securities class action names HDFC Bank, CEO Sashidhar Jagdishan and CFO Srinivasan Vaidyanathan as defendants. Plaintiffs allege that approximately ₹45 crore ($4.7 million) in deposit inducements was routed through the marketing budget, resulting in misstated net interest income and operating expenses. The allegations relate to two disclosure events that reportedly caused HDB ADSs to lose $3.11 per share, with another legal notice describing an approximately 4% decline. These claims remain allegations, but they could increase litigation costs, raise governance concerns and pressure investor sentiment. Levi and Korsinsky allegations
Wall Street Analysts Forecast Growth
HDB has been the subject of several research analyst reports. Zacks Research raised HDFC Bank from a “strong sell” rating to a “hold” rating in a research note on Friday, July 17th. Weiss Ratings lowered shares of HDFC Bank from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, September 25th. The Goldman Sachs Group assumed coverage on shares of HDFC Bank in a report on Friday, August 21st. They set a “buy” rating on the stock. Wall Street Zen lowered shares of HDFC Bank from a “hold” rating to a “sell” rating in a research report on Saturday, July 18th. Finally, HSBC downgraded shares of HDFC Bank from a “buy” rating to a “hold” rating in a research report on Monday, August 31st. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.
HDFC Bank Price Performance
The stock’s fifty day moving average price is $23.06 and its 200-day moving average price is $24.37. The firm has a market cap of $111.99 billion, a PE ratio of 12.86, a price-to-earnings-growth ratio of 1.10 and a beta of 0.61.
HDFC Bank (NYSE:HDB – Get Free Report) last posted its quarterly earnings results on Saturday, July 18th. The bank reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.02. HDFC Bank had a net margin of 15.96% and a return on equity of 11.84%. The firm had revenue of $9.01 billion for the quarter, compared to analyst estimates of $5 billion. On average, sell-side analysts anticipate that HDFC Bank Limited will post 1.64 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the stock. QRG Capital Management Inc. raised its holdings in shares of HDFC Bank by 72.5% during the 2nd quarter. QRG Capital Management Inc. now owns 52,024 shares of the bank’s stock worth $1,344,000 after acquiring an additional 21,865 shares during the period. Tidal Investments LLC purchased a new position in HDFC Bank during the second quarter worth about $1,501,000. Integrated Wealth Concepts LLC acquired a new position in HDFC Bank in the 2nd quarter valued at about $66,000. Arcus Capital Partners LLC purchased a new stake in shares of HDFC Bank in the 2nd quarter valued at approximately $357,000. Finally, Nykredit A S purchased a new stake in shares of HDFC Bank in the 2nd quarter valued at approximately $21,991,000. 17.61% of the stock is currently owned by institutional investors and hedge funds.
HDFC Bank Company Profile
HDFC Bank Limited is a financial services company headquartered in Mumbai, India. Established in 1994, it operates as a private-sector commercial bank serving individuals, businesses, institutions and government-related entities.
The bank offers a broad range of products and services, including savings and current accounts, fixed deposits, personal and home loans, vehicle and business financing, credit and debit cards, payments, remittances, investment products and insurance distribution.
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