How to buy HDFC Bank stock | $72.26

HDFC Bank Limited is a banks-regional business based in the US. HDFC Bank shares (HDB) are listed on the NYSE and all prices are listed in US Dollars. HDFC Bank employs 116,971 staff and has a market cap (total outstanding shares value) of USD$104.2 billion.

How to buy shares in HDFC Bank

1. Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
3. Search for HDFC Bank. Find the stock by name or ticker symbol: HDB. Research its history to confirm it's a solid investment against your financial goals.
4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until HDFC Bank reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
5. Decide on how many to buy. At last close price of USD$72.26, weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of HDFC Bank, depending on your broker.
6. Check in on your investment. Congratulations, you own a part of HDFC Bank. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

HDFC Bank share price

Use our graph to track the performance of HDB stocks over time.

HDFC Bank shares at a glance

• Key figures

Information last updated 2020-12-27.

Latest market close	USD$72.26
52-week range	USD$29.5 - USD$70.95
50-day moving average	USD$68.0788
200-day moving average	USD$54.3911
Wall St. target price	USD$79.17
PE ratio	134.3962
Dividend yield	USD$0.32 (0.78%)
Earnings per share (TTM)	USD$0.5175

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Is it a good time to buy HDFC Bank stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Technical Analysis of HDFC Bank Limited by TradingView

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

HDFC Bank price performance over time

Historical closes compared with the close of $72.26 from 2020-12-31

1 week (2021-01-11)	-1.31%
1 month (2020-12-18)	2.58%
3 months (2020-10-16)	29.04%
6 months (2020-07-17)	52.83%

1 year (2020-01-17)	17.04%
2 years (2019-01-18)	-30.08%
3 years (2018-01-18)	104.91
5 years (2016-01-15)	28.49%

Is HDFC Bank under- or over-valued?

Valuing HDFC Bank stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of HDFC Bank's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

HDFC Bank's P/E ratio

HDFC Bank's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 134x. In other words, HDFC Bank shares trade at around 134x recent earnings.

That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.

HDFC Bank's PEG ratio

HDFC Bank's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 0.97. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.

The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into HDFC Bank's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.

HDFC Bank financials

Gross profit TTM	USD$712.3 billion
Return on assets TTM	1.94%
Return on equity TTM	16.18%
Profit margin	40.48%
Book value	$3.0875
Market capitalisation	USD$104.2 billion

TTM: trailing 12 months

Shorting HDFC Bank shares

There are currently 5.4 million HDFC Bank shares held short by investors – that's known as HDFC Bank's "short interest". This figure is 23.9% down from 7.1 million last month.

There are a few different ways that this level of interest in shorting HDFC Bank shares can be evaluated.

HDFC Bank's "short interest ratio" (SIR)

HDFC Bank's "short interest ratio" (SIR) is the quantity of HDFC Bank shares currently shorted divided by the average quantity of HDFC Bank shares traded daily (recently around 1.5 million). HDFC Bank's SIR currently stands at 3.69. In other words for every 100,000 HDFC Bank shares traded daily on the market, roughly 3690 shares are currently held short.

However HDFC Bank's short interest can also be evaluated against the total number of HDFC Bank shares, or, against the total number of tradable HDFC Bank shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case HDFC Bank's short interest could be expressed as 0% of the outstanding shares (for every 100,000 HDFC Bank shares in existence, roughly 0 shares are currently held short) or 0% of the tradable shares (for every 100,000 tradable HDFC Bank shares, roughly 0 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against HDFC Bank.

Find out more about how you can short HDFC Bank stock.

HDFC Bank share dividends

We're not expecting HDFC Bank to pay a dividend over the next 12 months.

Have HDFC Bank's shares ever split?

HDFC Bank's shares were split on a 2:1 basis on 26 September 2019. So if you had owned 1 share the day before before the split, the next day you'd have owned 2 shares. This wouldn't directly have changed the overall worth of your HDFC Bank shares – just the quantity. However, indirectly, the new 50% lower share price could have impacted the market appetite for HDFC Bank shares which in turn could have impacted HDFC Bank's share price.

HDFC Bank share price volatility

Over the last 12 months, HDFC Bank's shares have ranged in value from as little as $29.5 up to $70.95. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while HDFC Bank's is 0.8863. This would suggest that HDFC Bank's shares are less volatile than average (for this exchange).

HDFC Bank overview

HDFC Bank Limited provides various banking and financial services to individuals and businesses in India, Bahrain, Hong Kong, and Dubai. It operates in Treasury, Retail Banking, Wholesale Banking, Other Banking Business, and Unallocated segments. The company accepts savings, salary, current, and Demat accounts; fixed and recurring deposits; and safe deposit lockers, and rural and pension accounts, as well as offshore accounts and deposits, overdrafts against fixed deposits and salaries, and sweep-in facilities. It also provides personal, home, car, two wheeler, three wheeler, business, educational, gold, rural, and term loans; loans against properties, assets, and securities; loans for professionals; government sponsored programs; and loans on credit card, as well as working capital and commercial/construction equipment finance, term and professional loans, healthcare/medical equipment and commercial vehicle finance, and dealer finance. In addition, the company offers credit, debit, prepaid, and forex cards; payment and collection, export, import, remittance, bank guarantee, letter of credit, trade, hedging, loan syndication, and merchant and cash management services; and insurance and investment products. Further, it provides short term finance, bill discounting, structured finance, export credit, documents collection, Internet and wholesale banking, mobile banking, real time gross settlement, channel financing, vendor financing, reimbursement account, money market, derivatives, employee trusts, cash surplus corporates, tax payment, and bankers to rights/public issue services, as well as financial solutions for supply chain partners and agricultural customers. As of March 31, 2020, it had 5,416 branches and 13,640 automated teller machines in 2,803 cities/towns. HDFC Bank Limited was founded in 1994 and is based in Mumbai, India.

Frequently asked questions

• What percentage of HDFC Bank is owned by institutions?

  Currently 18.555% of HDFC Bank shares are held by institutions.

• How many people work for HDFC Bank?

  Latest data suggests 116,971 work at HDFC Bank.

• When does the fiscal year end for HDFC Bank?

  HDFC Bank's fiscal year ends in March.

• Where is HDFC Bank based?

  HDFC Bank's address is: HDFC Bank House, Mumbai, India, 400013

• What is HDFC Bank's ISIN number?

  HDFC Bank's international securities identification number is: US40415F1012

• What is HDFC Bank's CUSIP number?

  HDFC Bank's Committee on Uniform Securities Identification Procedures number is: 40415F101