Time to Sell HDFC Bank Limited (ADR) After Today’s Option Traders Bearish Bets?

 Time to Sell HDFC Bank Limited (ADR) After Today's Option Traders Bearish Bets?

In today’s session HDFC Bank Limited (ADR) (HDB) recorded an unusually high (152) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the December, 2016 put, expecting serious HDB decrease. With 152 contracts traded and 1584 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: HDB161216P00070000 closed last at: $7.9 or 1.2% down. The stock increased 0.34% or $0.21 on November 23, hitting $62.86. About 939,247 shares traded hands or 28.65% up from the average. HDFC Bank Limited (ADR) (NYSE:HDB) has declined 0.13% since April 22, 2016 and is downtrending. It has underperformed by 5.54% the S&P500.

HDFC Bank Limited (ADR) (NYSE:HDB) Ratings Coverage

Out of 2 analysts covering HDFC Bank Limited (NYSE:HDB), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. HDFC Bank Limited has been the topic of 4 analyst reports since August 27, 2015 according to StockzIntelligence Inc. The company was downgraded on Wednesday, September 2 by Zacks. The company was upgraded on Monday, September 21 by Zacks. The firm has “Buy” rating by Goldman Sachs given on Wednesday, September 14. Zacks downgraded HDFC Bank Limited (ADR) (NYSE:HDB) on Thursday, August 27 to “Hold” rating.

According to Zacks Investment Research, “HDFC BANK’s mission is to be a World Class Indian Bank. The Bank’s aim is to build a sound customer franchise across distinct businesses so as to be the preferred provider of banking services in the niche segments that the bank operates in and to achieve healthy growth in profitability, consistent with the bank’s risk appetite. The bank aims to ensure the highest level of ethical standards, professional integrity and regulatory compliance. HDFC Bank’s business philosophy is based on four core values: Operational Excellence, Customer Focus, Product Leadership and People.”

HDFC Bank Limited is a holding company. The company has a market cap of $45.03 billion. The Bank offers a range of banking services covering commercial and investment banking on the wholesale side and transactional/branch banking on the retail side. It has a 55.26 P/E ratio. It also offers financial services.

HDB Company Profile

HDFC Bank Limited (the Bank), incorporated on August 30, 1994, is a holding company. The Bank offers a range of banking services covering commercial and investment banking on the wholesale side and transactional/branch banking on the retail side. It also offers financial services. The Bank’s divisions include Treasury, Retail banking, Wholesale banking and Other banking business.

More news for HDFC Bank Limited (ADR) (NYSE:HDB) were recently published by: Marketwatch.com, which released: “/quotes/zigman/3870025/realtime” on December 21, 2009. Nasdaq.com‘s article titled: “HDFC Bank Ltd. – ADR (HDB): New Analyst Report from Zacks Equity Research …” and published on December 23, 2013 is yet another important article.

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