Positive Media Coverage Somewhat Unlikely to Affect HDFC Bank (HDB) Stock Price

News articles about HDFC Bank (NYSE:HDB) have been trending positive on Friday, according to Accern Sentiment. The research firm identifies negative and positive news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. HDFC Bank earned a news sentiment score of 0.27 on Accern’s scale. Accern also assigned news stories about the bank an impact score of 47.1118846826109 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Separately, Zacks Investment Research lowered HDFC Bank from a “buy” rating to a “hold” rating in a report on Wednesday, January 17th.

Shares of HDFC Bank (HDB) opened at $97.53 on Friday. HDFC Bank has a fifty-two week low of $68.89 and a fifty-two week high of $110.77. The stock has a market capitalization of $72,940.00, a PE ratio of 80.60, a price-to-earnings-growth ratio of 1.14 and a beta of 0.91.

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HDFC Bank Company Profile

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.

Insider Buying and Selling by Quarter for HDFC Bank (NYSE:HDB)

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