HDFC Bank stock: buy or sell?
September 20th, 2019
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.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
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.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-9-9||Sanford C. Bernstein||Outperform||Market Perform|
HDFC Bank stock analysis
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.
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%).
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 targetHow 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 ShareAfter 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.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsCompared 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%
|2014||$8,255,700 M||-||$87,430 M1.1%||-|
|2015||$315,998 M||-96.17%||$99,238 M31.4%||13.51%|
|2016||$389,195 M||23.16%||$117,915 M30.3%||18.82%|
|2017||$462,122 M||18.74%||$140,530 M30.4%||19.18%|
|2018||$567,758 M||22.86%||$178,515 M31.4%||27.03%|
|TTM||$473,540 M||-16.59%||$152,267 M32.2%||-14.70%|
Quarterly financial resultsHDFC 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%.
|2017-Q3||$139,235 M||-||$40,528 M29.1%||-|
|2017-Q4||$141,835 M||1.87%||$46,426 M32.7%||14.55%|
|2018-Q1||$163,469 M||15.25%||$51,640 M31.6%||11.23%|
|2018-Q2||$146,316 M||-10.49%||$46,014 M31.4%||-10.89%|
|2018-Q3||$163,755 M||11.92%||$54,613 M33.4%||18.69%|
HDFC Bank ownershipWhen 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:
|Market cap||$102.3 B||$34.8 B|
|Total shares||911.8 M||3,230.0 M|
|Float shares||4,470.0 M||3,210.0 M|
|- Institutional holdings (%)||18.5%||23.8%|
|- Insider holdings (%)||0.0%||0.0%|
|Shares in short selling||0.0%||0.0%|
HDFC Bank summary
|Friday, September 20th, 2019|
|Day range||$111.51 - $112.98|
|Average true range||$2.49|
|50d mov avg||$111.15|
|100d mov avg||$117.39|
|200d mov avg||$111.07|
HDFC Bank performanceTo measure stock performance is always good to compare with competitors or related stocks. In the following table, we compare HDFC Bank performance to Array:
HDFC Bank competitorsCreating 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
- Seeking AlphaHDFC Bank: A 5% Drop Would Be WelcomeApril 24, 2019