HDFC Bank (NYSE:HDB) Research Coverage Started at The Goldman Sachs Group

The Goldman Sachs Group assumed coverage on shares of HDFC Bank (NYSE:HDB) in a research note published on Friday, Marketbeat reports. The brokerage issued a buy rating on the bank’s stock.

Other equities analysts have also issued research reports about the stock. Zacks Research upgraded shares of HDFC Bank from a “strong sell” rating to a “hold” rating in a report on Friday, July 17th. Wall Street Zen lowered HDFC Bank from a “hold” rating to a “sell” rating in a research report on Saturday, July 18th. Finally, Weiss Ratings raised HDFC Bank from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, July 20th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, HDFC Bank presently has an average rating of “Hold”.

HDFC Bank Stock Performance

NYSE:HDB opened at $23.60 on Friday. The company has a market capitalization of $121.09 billion, a PE ratio of 13.88, a P/E/G ratio of 1.11 and a beta of 0.65. The company has a 50 day simple moving average of $24.67 and a two-hundred day simple moving average of $26.36. HDFC Bank has a fifty-two week low of $22.66 and a fifty-two week high of $37.55.

HDFC Bank (NYSE:HDB) last issued its quarterly earnings results on Saturday, July 18th. The bank reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.02. HDFC Bank had a net margin of 15.96% and a return on equity of 11.84%. The firm had revenue of $9.01 billion for the quarter, compared to the consensus estimate of $5 billion. Research analysts predict that HDFC Bank will post 1.67 EPS for the current year.

Institutional Investors Weigh In On HDFC Bank

A number of large investors have recently bought and sold shares of HDB. Elliott Investment Management L.P. raised its holdings in HDFC Bank by 267.7% during the first quarter. Elliott Investment Management L.P. now owns 797,085 shares of the bank’s stock worth $19,831,000 after buying an additional 580,329 shares during the last quarter. KBC Group NV grew its holdings in shares of HDFC Bank by 26.9% during the first quarter. KBC Group NV now owns 404,884 shares of the bank’s stock valued at $10,074,000 after buying an additional 85,882 shares during the last quarter. M&T Bank Corp grew its holdings in shares of HDFC Bank by 788.3% during the fourth quarter. M&T Bank Corp now owns 115,126 shares of the bank’s stock valued at $4,206,000 after buying an additional 102,166 shares during the last quarter. ABN Amro Investment Solutions increased its position in shares of HDFC Bank by 66.0% during the first quarter. ABN Amro Investment Solutions now owns 1,498,938 shares of the bank’s stock worth $37,294,000 after acquiring an additional 595,912 shares in the last quarter. Finally, Matthews International Capital Management LLC increased its position in shares of HDFC Bank by 58.3% during the fourth quarter. Matthews International Capital Management LLC now owns 343,916 shares of the bank’s stock worth $12,567,000 after acquiring an additional 126,650 shares in the last quarter. 17.61% of the stock is currently owned by institutional investors and hedge funds.

HDFC Bank News Roundup

Here are the key news stories impacting HDFC Bank this week:

• Positive Sentiment: Goldman Sachs initiated coverage with a “buy” rating, potentially supporting HDB by signaling confidence in the bank’s valuation and longer-term outlook.
• Positive Sentiment: HDFC Bank raised US$1.75 billion through a bond issuance by its GIFT City branch. The transaction strengthens funding access and liquidity, although it also adds debt-related financing obligations. HDFC Bank Raises US$1.75 Billion via GIFT City Bond Issuance
• Neutral Sentiment: Multiple law firms are publicizing the same pending securities class action and soliciting investors to seek lead-plaintiff status by October 12 or 13, 2026. These announcements largely repeat previously reported information rather than representing new claims or a court ruling. Kaplan Fox Alerts Investors of HDFC Bank Investors to Class Action
• Negative Sentiment: The litigation alleges HDFC Bank and certain executives violated U.S. securities laws by allegedly disguising payments as marketing expenses to provide higher interest or other inducements to a state-owned firm to attract deposits. Investor alerts say HDB ADSs fell a cumulative $3.11 across two disclosure events tied to those allegations, increasing concerns about potential legal costs, regulatory scrutiny, management credibility, and reputational damage. SueWallSt HDFC Bank Lawsuit Alert

About HDFC Bank

HDFC Bank Limited is one of India’s leading private sector banks, headquartered in Mumbai. Incorporated in 1994 and promoted by Housing Development Finance Corporation (HDFC), the bank provides a full range of banking and financial services to retail, small and medium-sized enterprises, and corporate customers. It is publicly listed and also accessible to international investors through American Depositary Receipts (ADRs) trading on the New York Stock Exchange under the symbol HDB.

The bank’s core activities include retail banking (deposit accounts, personal loans, home loans, auto loans, and credit cards), commercial and corporate banking (working capital finance, term lending, trade finance and treasury services), and transaction banking (cash management and payment solutions).