Extremely significant positive changes in H D F C Bank Ltd (NYSE: HDB) investment behavior have recently occurred: the stock’s recent price rise disrupted its longer term downtrend, and its longer term price trend turned up.
Recent significant positive changes in fundamentals have benefitted H D F C Bank Ltd (NYSE: HDB): the consensus estimate for March, 2025 increased significantly, and the consensus estimate for March, 2024 increased significantly.
In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, HDB is expected to continue to be a modest Value Builder.
H D F C Bank has a current Value Trend Rating of B (Positive). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. H D F C Bank has a neutral Power Rating of 54 but a very high Appreciation Score of 87, triggering the Positive Value Trend Rating.
Recent Price Action
On 6/28/24, H D F C Bank Ltd (NYSE: HDB) stock declined slightly by -0.8%, closing at $64.33. Moreover, above average trading volume at 140% of normal accompanied the decline. Relative to the market the stock has been weak over the last nine months but has risen 1.7% during the last week.
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