HDFC Bank traded at 721.20 this Thursday October 1st, increasing 12.50 or 1.76 percent since the previous trading session. Looking back, over the last four weeks, HDFC Bank gained 2.91 percent. Over the last 12 months, its price fell by 25.28 percent. Looking ahead, we forecast HDFC Bank to be priced at 719.12 by the end of this quarter and at 671.87 in one year, according to Trading Economics global macro models projections and analysts expectations.
HDFC Bank Limited (the Bank) is a holding company. The Bank offers a range of banking services covering commercial and investment banking on the wholesale side and transactional/branch banking on the retail side. It also offers financial services. The Bank's segments include 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 and on account of trading in foreign exchange and derivative contracts. The Retail Banking segment serves retail customers through a branch network and other delivery channels, as well as through alternative delivery channels. The Bank provides its corporate and institutional clients a range of commercial and transactional banking products. The Other banking business segment includes income from para banking activities.