HDFC Bank ( HDB) pushed the Banking industry higher today making it today's featured banking winner. The industry as a whole closed the day down 0.1%. By the end of trading, HDFC Bank rose 49 cents (1.8%) to $28.05 on average volume. Throughout the day, 928,338 shares of HDFC Bank exchanged hands as compared to its average daily volume of 723,900 shares. The stock ranged in a price between $27.82-$28.57 after having opened the day at $27.85 as compared to the previous trading day's close of $27.56. Other companies within the Banking industry that increased today were: NASB Financial ( NASB), up 12.8%, Midsouth Bancorp ( MSL), up 10.9%, Emclaire Financial Corporation ( EMCF), up 9.4%, and AmeriServ Financial ( ASRV), up 8.4%. HDFC Bank Limited provides banking and financial services to individuals and businesses in India. The company offers savings, current, and demat accounts, as well as accepts fixed and recurring deposits. HDFC Bank has a market cap of $21.82 billion and is part of the financial sector. The company has a P/E ratio of 23.9, above the average banking industry P/E ratio of 21.4 and above the S&P 500 P/E ratio of 17.7. Shares are up 4.9% year to date as of the close of trading on Friday. Currently there is one analyst that rates HDFC Bank a buy, no analysts rate it a sell, and none rate it a hold. TheStreet Ratings rates HDFC Bank as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity, increase in net income, impressive record of earnings per share growth and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.
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