Read Complete Report: HDFC BANK SHARE PRICE

Introduction

In India, one of the highly acknowledged private banks is HDFC bank. It was established in 1992 by Vikram Akula, a former banker from the United States, and the price of its shares has been climbing steadily ever since the company was first established. HDFC Bank has a market value greater than $21 billion. The bank is India's most widespread lender, with over 1,000 automated teller machines and more than 12,000 physical locations across the country.

Consumers Details

Financial services provider HDFC Bank has its headquarters in Mumbai in, India. It is one of the most successful banks in India and offers a wide range of financial services, including retail banking, corporate banking, investment banking, and wealth management. The business was established in 2001, and its shares were first traded on the Bombay Stock Exchange in 2003. As of the end of the year 2018, the total market value of the corporation was $32.6 billion. HDFC Bank has approximately 17.6 million consumers as of June 2018 and a total customer base of approximately 18.6 million, 1.8 million business correspondents, and 260,000 staff. Apart from India countries including Sri Lanka, UAE, Malaysia, and Oman make up its primary consumer bases. In 2017, HDFC Bank was placed number eight on the list of the largest public corporations compiled by Forbes Global 2000.

Share Price Details

HDFC Bank's share price went down not so long ago, but it has since recovered and is now higher than before. On August's very last trading day, there was a 0.52 percent increase in the price of HDFC Bank's shares. On the very last trading day of July, there was a 0.11 percent increase in the price of HDFC Bank's shares. On the very last trading day of June, there was a 0.20 percent increase in the price of HDFC Bank's shares. By 31stMay, the share price of HDFC Bank grew by 0.12 percent. On the very last trading day of April, there was a 0.10 percent increase in the price of HDFC Bank's shares. On the very last trading day of March, there was a 0.03 percent increase in the price of HDFC Bank's shares. On the very last trading day of February, there was a slight increase of 0.02 percent in the price of HDFC Bank shares. On the very last trading day of January, the price per share of HDFC Bank rose by 0.11 percent. In accordance with New York Stock Exchange, HDFC Bank’sshare price was up 0.10 percent.

Conclusion

Currently, one share of HDFC Bank can be purchased for $2.86. The target share price for the company is set at $3.60, and the corporation intends to grow its operations in the foreseeable future. There has been a consistent upward movement in the share price of HDFC Bank for the last several years. This movement is consistent with a longer-term trend. However, share prices are falling over the past year in a consistent manner.