Business Business:HDFC Bank stock is trading at Rs 1763.55 today, Sep 27 at 12:00 PM, down -1.05% from its previous close. Sensex was trading -0.12% lower at Rs 85,732.31. That day, the share price reached a high of 1,778.1 yen and a low of 1,761 yen. Technically, the stock is above the short-term moving averages of 5, 10 and 20 days and the long-term moving averages of 50, 100 and 300 days. The SMA value of the stock is:
daily simple moving average
5 1748.61
10 1705.85
20 1672.83
50 1644.22
100 1606.89
300 1565.23
Classic Pivot Level analysis shows that the stock has key resistance levels at ₹1791.25, ₹1799.6, ₹1811.2 and key support levels at ₹1771.3, ₹1759.7 and ₹1751.35 on the daily time frame.
As of 12 noon today, HDFC Bank's trading volume on NSE and BSE had declined by -33.96% compared to the previous session. Trading volume and price are important indicators to check trends. A positive price movement with high volume indicates continuation of the bullish trend, while a negative price movement with high volume may indicate further price decline.
Overall, the stock is currently in a strong bullish position as per Mint's technical analysis.
From a fundamental analysis perspective, the company's ROE is 17.18%. The company's current P/E ratio is 19.93x and P/E ratio is 2.85x.
The stock has a 1-year forward expectation of 7.34% and a target price of Rs 1893.00.
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