Shares of HDFC Bank Limited (HDB) Sees Large Outflow of Money

HDFC Bank Limited (HDB) : The value of composite uptick trades was $11.89 million, whereas, the value of composite downtick trades was $17.46 million. The uptick to downtick ratio stood at 0.68 with a negative money flow of ($5.58) Million during Tuesdays trading session. The block trades money flow was negative ($4.08 million). The transaction of the trades on downticks amounted to $4.08 million, which confirms investors selling on the strength of price. HDFC Bank Limited (HDB) gained 79 cents at $71.73, an increase of 1.11% over the previous days close.


Shares of HDFC Bank Limited rose by 1.17% in the last five trading days and 3.49% for the last 4 weeks. HDFC Bank Limited is up 11.39% in the last 3-month period. Year-to-Date the stock performance stands at 17.2%.

HDFC Bank Limited (NYSE:HDB): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $71.51 and $71.51 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $72.23. The buying momentum continued till the end and the stock did not give up its gains. It closed at $71.73, notching a gain of 1.11% for the day. The total traded volume was 1,009,807 . The stock had closed at $70.94 on the previous day.

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 Banks 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.

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