HDFC Bank (NYSE: HDB) shares as of market close today will be eligible for a dividend of 29 cents per share. At a price of $38.67 as of 9:35 a.m. ET, the dividend yield is 0.7%. The average volume for HDFC Bank has been 643,000 shares per day over the past 30 days. HDFC Bank has a market cap of $30.7 billion and is part of the banking industry. Shares are down 3.7% year to date as of the close of trading on Friday. STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more. HDFC Bank Limited, together with its subsidiaries, provides a range of financial products and services to individuals and businesses in India, as well as in Bahrain and Hong Kong. The company operates in four segments: Retail Banking, Wholesale Banking, Treasury, and Other Banking Operations. The company has a P/E ratio of 31.76. TheStreet Ratings rates HDFC Bank as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, expanding profit margins, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full HDFC Bank Ratings Report now.
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