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HDFC Bank (HDB) Surges: Stock Moves 11.4% Higher

Zacks Equity Research
·2 mins read

HDFC Bank Limited HDB was a big mover last session, as the company saw its shares rise more than 11% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company—as the stock is now down 25.6% in the past one-month time frame.

The company has seen one negative estimate revision in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

HDFC Bank currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.

HDFC Bank Limited Price

HDFC Bank Limited Price
HDFC Bank Limited Price

HDFC Bank Limited price | HDFC Bank Limited Quote

A better-ranked stock in the Banks - Foreign industry is Banco Macro S.A. BMA, which currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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HDFC Bank Limited (HDB) : Free Stock Analysis Report
 
Macro Bank Inc. (BMA) : Free Stock Analysis Report
 
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Zacks Investment Research