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 closed the day up 0.2%. By the end of trading, HDFC Bank rose $0.55 (1.4%) to $39.58 on heavy volume. Throughout the day, 1,767,536 shares of HDFC Bank exchanged hands as compared to its average daily volume of 1,087,000 shares. The stock ranged in a price between $39.15-$39.79 after having opened the day at $39.39 as compared to the previous trading day's close of $39.03. Other companies within the Banking industry that increased today were: First West Virginia Bancorp ( FWV), up 9.4%, Royal Bancshares of Pennsylvania ( RBPAA), up 8.7%, Farmers Capital Bank Corporation ( FFKT), up 7.0% and United Security ( USBI), up 6.7%.
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 $30.7 billion and is part of the financial sector. Shares are up 13.3% year to date as of the close of trading on Monday. 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 premium valuation and relatively poor performance when compared with the S&P 500 during the past year.