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NYSE:HDB

HDFC Bank Ltd (HDB)

25.01
-0.05 (0.20%)
as of Jun 18, 2026, 8:10:57 pm Market Open.
30 watching
0
BUY
Housing development financing – mortgages and a great play in rising middle class incomes. India was raising interest rates and reserve requirement since 2010 and as a result Indian stock market was down 25%. Now this one is recovering as they cut reserve requirements. They will be a major beneficiary of rising middle class incomes.
COMMENT
Bank in India. Mostly consumer mortgages and loans. Prefers ICICI Bank (IBN-N), which has better margin growth.
BUY
For a play on the financial growth in India, use HDFC or ICICI.
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