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EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stock Under $10 that he thinks could potentially double or triple in the next 6 to 12-months. See what he's trading today with a 14-day FREE pass.

5 Stocks Pulling The Banking Industry Downward

4. As of noon trading, HDFC Bank ( HDB) is down $1.79 (-5.1%) to $33.23 on heavy volume. Thus far, 677,762 shares of HDFC Bank exchanged hands as compared to its average daily volume of 690,200 shares. The stock has ranged in price between $33.12-$34.65 after having opened the day at $34.65 as compared to the previous trading day's close of $35.02.

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. HDFC Bank has a market cap of $28.1 billion and is part of the financial sector. Shares are down 13.5% year to date as of the close of trading on Monday. Currently there is 1 analyst that rates HDFC Bank a buy, no analysts rate it a sell, and 1 rates it a hold.

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, growth in earnings per share and increase in net income. 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. Get the full HDFC Bank Ratings Report now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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