HDFC Bank Limited (ADR) (HDB) is Upgraded by Goldman to Buy

HDFC Bank Limited (ADR) (HDB) was Upgraded by Goldman to ” Buy”. Earlier the firm had a rating of “Neutral ” on the company shares. Goldman advised their investors in a research report released on Aug 2, 2016.

HDFC Bank Limited (ADR) opened for trading at $69.33 and hit $69.99 on the upside on Friday, eventually ending the session at $69.27, with a gain of 0.33% or 0.23 points. The heightened volatility saw the trading volume jump to 4,79,759 shares. Company has a market cap of $58,145 M.

HDFC Bank Limited (HDFC Bank) is a banking company. The Bank is engaged in providing a range of banking and financial services including commercial banking and treasury operations. It operates in four segments: Treasury Retail Banking Wholesale banking and other banking business. The treasury segment primarily consists of net interest earnings from the Bank’s investment portfolio money market borrowing and lending gains or losses on investment operations. The retail banking segment serves retail customers through a branch network and other delivery channels. The wholesale banking segment provides loans non-fund facilities and transaction services to large corporates emerging corporates public sector units Government bodies financial institutions and medium scale enterprises. Other banking business segment includes income from para banking activities such as credit cards debit cards third-party product distribution primary dealership business and the associated costs.

HDFC Bank Limited (ADR)

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