HDFC Bank stock: buy or sell?

HDB stock price: $112.22 9.43% At close on September 20th, 2019

Updated on:
September 20th, 2019

3

HDFC Bank crossed up the simple moving average line of 200 days today and closed at $112.22, boosted a 9.43%.

HDFC Bank Limited provides a range of banking and financial services to individuals and businesses in India, Bahrain, Hong Kong, and Dubai.

Should I buy HDFC Bank stock?

Make a decision about when to buy or sell stocks is one of the hardest parts of being a trader or investor. That's why is so important to choose your own trading strategy that fits your character as inversor. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.

None of our preferred buy setups matches with HDFC Bank stock situation right now, therefore this is not a suitable entry point.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This doesn't mean HDB will fall in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems.

Is HDFC Bank stock a buy?

Banks and financial institutions post stock ratings everyday. At Stocks2.com, we gathered 2 ratings published for HDB stock in the last 30 days.

Is HDB a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-9-9Sanford C. BernsteinOutperformMarket Perform
2019-6-11NomuraBuyNeutral

HDFC Bank stock analysis

Daily outlook

HDFC Bank broke up the SMA line of 200 days today and closed at $112.22, boosted a 9.43%.

HDFC Bank shares crossed up the SMA line of 200d today and closed at $112.22, boosted a 9.43%. Price climbed above $106.32 breaking the short term down trend. $106.32 should act now as a support and could be tested in the coming days. On July, HDB hit a new all time high, pushing higher than on July tops. Check different trading setups that use ATHs as triggers.

HDB stock chart (daily)

Weekly outlook

HDFC Bank crossed up the simple moving average line of 200d, closing at $112.22.

Observing the weekly chart, HDB marked an uptrend of rising tops and rising bottoms. Since its last top early July at $131.53, price slid and bounced up back from $102.94. Breaking down under $102.94 would cancel the current uptrend and it might test lower supports. Note that $131.53 might act as a resistance line. Not so far away is the last price record HDFC Bank marked early July. Since SMA20d and SMA40w crossed up by mid March, HDB price climbed $8.97 per share (8.69%).

HDB stock chart (weekly)

HDFC Bank stock price history

HDFC Bank IPO was on July 20th, 2001 at $1.89 per share1. Since then, HDB stock grew a 5,837.60%, with a yearly average of 324.30%. If you had invested right after HDB's IPO a $1,000 in HDFC Bank stock in 2001, it would worth $58,376.00 today.

1: Adjusted price after possible price splits or reverse-splits.

HDFC Bank stock historical price chart

HDB stock reached all-time highs on July with a price of $131.53.

HDFC Bank stock price target

How much a stock will be priced tomorrow or next week is quite unpredictable However, banks and other financial institutions analysts, with the help of lots of data and algorithms do their best to predict the stock prices movement. You should not follow the analysts' HDB stock price predictions in the hope that they will be met as they may be wrong and not met. For the last 30 days we have not detected any price forecast for HDFC Bank stock by any trusted analyst.

Financials and fundamental analysis

Earnings date and Earnings per Share

After publishing its last earnings report on April, HDFC Bank . As soon as we get its posted EPS from the earnings report, we will extend this review.
HDB earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2016-Q3-n/a24.11n/a
2017-Q1-n/a54.57n/a
2017-Q2-n/an/an/a
2017-Q3-n/a30.54n/a
2017-Q42018-03-20n/an/an/a
2018-Q12018-06-22n/an/an/a
2018-Q22018-10-01n/an/an/a
2018-Q32019-01-02n/an/an/a
2018-Q42019-04-01n/an/an/a
2019-Q1-n/an/an/a

Annual financial results

Compared to 2017, last anual turnover report draw an extraordinary gain of 22.86% to $567,758.00 M USD. When comparing 2018 vs 2017, nevertheless, profit margin (that is, the net income divided by revenues) inched a 1.03% to 31.44%.

HDFC Bank presents anual results in March, and to evaluate its evolution since then, we estimate annual sales and income figures by adding results from the last 4 quarters. This is called TTM (or Twelve Trailing Months). So, HDFC Bank TTM sales up to December 2018 were $473,540.00 and income $152,267.30 million USD. When comparing this TTM figures with the last reported annuality, we can esteem HDFC Bank business evolution since March 2018: Annual revenues up to December, compared to lastest yearly report, plummed a frightening -16.59%. Regarding profit margin, HDFC Bank remained constant 0.71% to 31.44%

HDB annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2014$8,255,700 M-$87,430 M1.1%-
2015$315,998 M-96.17%$99,238 M31.4%13.51%
2016$389,195 M23.16%$117,915 M30.3%18.82%
2017$462,122 M18.74%$140,530 M30.4%19.18%
2018$567,758 M22.86%$178,515 M31.4%27.03%
TTM $473,540 M-16.59%$152,267 M32.2%-14.70%

Quarterly financial results

HDFC Bank reported M in revenues for 2018-Q4, a -100.00% less compared to previous quarter. Reported quarter earnings marked M with a profit margin of . Profit margin remained constant a 0.00% compared to previous quarter when profit margin was 33.35%. When comparing revenues to same quarter last year, HDFC Bank sales marked a bloodcurdling loss and plunged a -100.00%.
HDB quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q3$139,235 M-$40,528 M29.1%-
2017-Q4$141,835 M1.87%$46,426 M32.7%14.55%
2018-Q1$163,469 M15.25%$51,640 M31.6%11.23%
2018-Q2$146,316 M-10.49%$46,014 M31.4%-10.89%
2018-Q3$163,755 M11.92%$54,613 M33.4%18.69%

HDFC Bank ownership

When you are planning to buy shares of a company, it's worth to overview its ownership structure.

HDFC Bank shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 0.00% of all shares.

In case of HDFC Bank stock, 18.53% of its shares are held by institutions (mutual funds, pension funds, big banks and other large financial institutions). Bearish positions for HDB stock account 0.00%, no big difference from last month.

For a better context understanding, the following table shows ownership data compared to other related companies:

HDBIBN
Market cap$102.3 B$34.8 B
Total shares911.8 M3,230.0 M
Float shares4,470.0 M3,210.0 M
  - Institutional holdings (%)18.5%23.8%
  - Insider holdings (%)0.0%0.0%
Shares in short selling0.0%0.0%

HDFC Bank summary

Friday, September 20th, 2019
Open$112.08
Close$112.22
Day range$111.51 - $112.98
Previous close$102.55
Session gain9.43%
Average true range$2.49
50d mov avg$111.15
100d mov avg$117.39
200d mov avg$111.07
Daily patternlb06c
Weekly pattern lb03a

HDFC Bank performance

To measure stock performance is always good to compare with competitors or related stocks. In the following table, we compare HDFC Bank performance to Array:
Stock3m6m12m
HDBHDFC Bank-11.34%0.62%20.63%
IBNICICI Bank-11.79%-2.53%23.23%

HDFC Bank competitors

Creating a list of competitors for HDFC Bank it's not an easy task. We selected just one public company that in our opinion is related to and can be considered HDFC Bank competitor:

Latest HDFC Bank stock news