user warning: Table './fnndrupaldev/term_node' is marked as crashed and last (automatic?) repair failed query: SELECT t.* FROM term_node r INNER JOIN term_data t ON r.tid = t.tid INNER JOIN vocabulary v ON t.vid = v.vid WHERE r.vid = 462202 ORDER BY v.weight, t.weight, t.name in /var/www/www.fnno.com/htdocs/modules/taxonomy/taxonomy.module on line 617.

Shares of HDFC Bank Under Pressure, Down 1.4%

Published on Tue, 03/19/2013 - 10:35
By Robert Cotter

HDFC Bank (NYSE:HDB) is one of today's biggest movers, down 1.4% to $37.98. The Dow Jones Industrial Average is now trading fractionally higher to 14,462 and the S&P is trading fractionally lower to 1,550.

In the past 52 weeks, HDFC Bank share prices have been bracketed by a low of $27.30 and a high of $43.02 and are now at $37.98, 39% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has declined 0.3%.

Potential upside of 26.4% exists for HDFC Bank, based on a current level of $37.98 and analysts' average consensus price target of $48.00. The stock should find resistance at its 50-day moving average (MA) of $39.61, as well as support at its 200-day MA of $36.93.

HDFC Bank Ltd. offers a wide range of services to the global corporate sector. The Bank provides corporate banking and custodial services and is active in the treasury and capital markets. HDFC also markets project advisory services and capital market products such as Global Deposit Receipts, Euro currency loans, and Euro currency bonds.

By Robert Cotter
rcotter@fnno.com

Latest News from FNNO

Recent 52-Week High Exceeded in Shares o...

Shares of Xerox (NYSE:XRX) traded at a new 52-week high today of $13.88. This new high ...

Web.com Group Inc: New 52-Week Low Set T...

Shares of Web.com Group Inc (NASDAQ:WWWW) traded at a new 52-week low today of $18.80. ...

Shares of Washington Real Estate Investm...

Washington Real Estate Investment Trust (NYSE:WRE) traded at a new 52-week high today o ...

Watch for Continued Gains in Shares of W...

Shares of WPX Energy (NYSE:WPX) traded today at $26.76, breaking its 52-week high. Thi ...

VCA Antech: 52-Week High Recently Eclips...

VCA Antech (NASDAQ:WOOF) traded today at a new 52-week high of $41.12. This new high w ...

WellPoint Looks to Continue to Trade Abo...

WellPoint (NYSE:WLP) traded at a new 52-week high today of $117.32. Approximately 862, ...

Whiting Petroleum: 52-Week High Recently...

Shares of Whiting Petroleum (NYSE:WLL) traded today at $92.92, breaking its 52-week hig ...

Shares of Vector Group Rise Above Previo...

Vector Group (NYSE:VGR) traded today at a new 52-week high of $23.76. So far today app ...