HDFC Bank Ltd (HDB): Today's Featured Banking Winner

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

HDFC Bank ( HDB) pushed the Banking industry higher today making it today's featured banking winner. The industry as a whole was unchanged today. By the end of trading, HDFC Bank rose $0.90 (2.4%) to $38.23 on heavy volume. Throughout the day, 1,533,881 shares of HDFC Bank exchanged hands as compared to its average daily volume of 964,800 shares. The stock ranged in a price between $37.14-$38.24 after having opened the day at $37.56 as compared to the previous trading day's close of $37.33. Other companies within the Banking industry that increased today were: Carolina Trust Bank ( CART), up 12.8%, National Bank of Greece ( NBG), up 12.7%, Southwest Georgia Financial Corporation ( SGB), up 6.0% and Baylake ( BYLK), up 5.3%.

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 $28.3 billion and is part of the financial sector. Shares are up 3.1% year to date as of the close of trading on Friday. Currently there are 2 analysts that rate HDFC Bank a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates HDFC Bank as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity and increase in net income. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and premium valuation.

On the negative front, First Financial Service Corporation ( FFKY), down 14.7%, VelocityShares 3x Long Crude ETN ( UWTI), down 5.5%, QC Holdings ( QCCO), down 5.4% and First Citizens Banc ( FCZA), down 5.0% , were all laggards within the banking industry with Regions Financial Corporation ( RF) being today's banking industry laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the banking industry could consider KBW Bank ETF ( KBE) while those bearish on the banking industry could consider ProShares Short KBW Regional Bankng ( KRS).

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