HDFC Bank Limited (NYSE:HDB) traded at a new 52-week high today of $83.05. This new high was reached on below average trading volume as 277,000 shares traded hands, while the average 30-day volume is approximately 1.5 million shares.
In the past 52 weeks, shares of HDFC Bank Limited have traded between a low of $29.50 and a high of $83.05 and is now at $82.83, which is 181% above that low price.
HDFC Bank Limited (NYSE:HDB) defies analysts with a current price ($82.83) 12.7% above its average consensus price target of $72.27.
HDFC Bank Ltd is one of India’s largest non-government-owned banks. The bank’s retail and wholesale segments service India’s middle- and upper-income individuals and businesses. More than 60% of the bank’s loans are to retail clients, within which working capital loans and vehicle financing are the most prominent (accounting for 73% of the retail book), followed by personal loans (16%) and housing loans (11%).
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