HDFC Bank Stock (NYSE:HDB), Trade Ideas

HDFC Bank

HDFC Bank Ltd is a large, publicly traded Indian bank. There are three units: retail banking, wholesale banking, and treasury. Retail banking services are offered through numerous branches and ATMs. Wholesale focuses on Indian corporations, and the treasury unit offers risk-management services, such as foreign exchange trading.

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Airspan Networks Holdings Inc. Common Stock

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Shares of Airspan Networks Holdings Inc. (NASDAQ: MIMO) shares rose sharply during Wednesday’s session after the company announced a partnership with GCT Semiconductor to develop an RF module.

Airspan Networks Holdings shares surged 381% to $0.3699 on Wednesday.

Why Airspan Networks Shares Are Trading Higher By Over 380%? Here Are Other Stocks Moving In Wednesday&#39;s Mid-Day Session

U.S. stocks traded lower, with the Nasdaq Composite falling more than 150 points on Wednesday.

SolarEdge Technologies, Calavo Growers, Fisker And Other Big Stocks Moving Lower On Wednesday

HDFC Bank Ltd

WIIM

HDFC shares are trading higher after the bank's deposits reportedly grew 7.5% in Q4.

Reuters Earlier Reported HDFC Gross Loans Grew 1.6% Sequentially, Deposits Rose 7.5%

FFWM

GBCI

HBAN

Shares of banking companies are trading lower amid overall market weakness following worse-than-expected February PPI data.

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>SQ</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>03/15/24</td>
<td>$75.00</td>
<td>$32.3K</td>
<td>22.4K</td>
<td>5.3K</td>
</tr>
<tr>
<td>USB</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$52.50</td>
<td>$25.2K</td>
<td>503</td>
<td>724</td>
</tr>
<tr>
<td>C</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/17/24</td>
<td>$49.00</td>
<td>$35.2K</td>
<td>1.7K</td>
<td>717</td>
</tr>
<tr>
<td>MS</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$80.00</td>
<td>$82.2K</td>
<td>13.3K</td>
<td>525</td>
</tr>
<tr>
<td>BAC</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/19/24</td>
<td>$34.00</td>
<td>$33.0K</td>
<td>10.3K</td>
<td>501</td>
</tr>
<tr>
<td>HDB</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$50.00</td>
<td>$106.0K</td>
<td>1.9K</td>
<td>402</td>
</tr>
<tr>
<td>LMND</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>03/08/24</td>
<td>$16.00</td>
<td>$27.5K</td>
<td>32</td>
<td>300</td>
</tr>
<tr>
<td>KKR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$80.00</td>
<td>$25.3K</td>
<td>1.2K</td>
<td>170</td>
</tr>
<tr>
<td>V</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>03/28/24</td>
<td>$290.00</td>
<td>$35.0K</td>
<td>126</td>
<td>156</td>
</tr>
<tr>
<td>COIN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/15/24</td>
<td>$155.00</td>
<td>$29.2K</td>
<td>1.1K</td>
<td>76</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• For SQ (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQ#NYSE">SQ</a>), we notice a call option trade that happens to be bearish, expiring in 21 day(s) on March 15, 2024. This event was a transfer of 42 contract(s) at a $75.00 strike. The total cost received by the writing party (or parties) was $32.3K, with a price of $770.0 per contract. There were 22481 open contracts at this strike prior to today, and today 5384 contract(s) were bought and sold. 
• Regarding USB (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USB#NYSE">USB</a>), we observe a call option sweep with bullish sentiment. It expires in 210 day(s) on September 20, 2024. Parties traded 350 contract(s) at a $52.50 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $25.2K, with a price of $72.0 per contract. There were 503 open contracts at this strike prior to today, and today 724 contract(s) were bought and sold. 
• Regarding C (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>), we observe a put option sweep with bullish sentiment. It expires in 84 day(s) on May 17, 2024. Parties traded 640 contract(s) at a $49.00 strike. This particular put needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $35.2K, with a price of $55.0 per contract. There were 1784 open contracts at this strike prior to today, and today 717 contract(s) were bought and sold. 
• For MS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>), we notice a put option sweep that happens to be bullish, expiring in 329 day(s) on January 17, 2025. This event was a transfer of 175 contract(s) at a $80.00 strike. This particular put needed to be split into 12 different trades to become filled. The total cost received by the writing party (or parties) was $82.2K, with a price of $470.0 per contract. There were 13393 open contracts at this strike prior to today, and today 525 contract(s) were bought and sold. 
• Regarding BAC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>), we observe a put option sweep with bullish sentiment. It expires in 56 day(s) on April 19, 2024. Parties traded 250 contract(s) at a $34.00 strike. This particular put needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $33.0K, with a price of $132.0 per contract. There were 10303 open contracts at this strike prior to today, and today 501 contract(s) were bought and sold. 
• For HDB (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HDB#NYSE">HDB</a>), we notice a put option trade that happens to be bearish, expiring in 301 day(s) on December 20, 2024. This event was a transfer of 400 contract(s) at a $50.00 strike. The total cost received by the writing party (or parties) was $106.0K, with a price of $265.0 per contract. There were 1914 open contracts at this strike prior to today, and today 402 contract(s) were bought and sold. 
• Regarding LMND (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMND#NYSE">LMND</a>), we observe a call option trade with neutral sentiment. It expires in 14 day(s) on March 8, 2024. Parties traded 100 contract(s) at a $16.00 strike. The total cost received by the writing party (or parties) was $27.5K, with a price of $275.0 per contract. There were 32 open contracts at this strike prior to today, and today 300 contract(s) were bought and sold. 
• Regarding KKR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>), we observe a put option sweep with bearish sentiment. It expires in 329 day(s) on January 17, 2025. Parties traded 65 contract(s) at a $80.00 strike. This particular put needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $25.3K, with a price of $390.0 per contract. There were 1229 open contracts at this strike prior to today, and today 170 contract(s) were bought and sold. 
• For V (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>), we notice a call option trade that happens to be bearish, expiring in 34 day(s) on March 28, 2024. This event was a transfer of 115 contract(s) at a $290.00 strike. The total cost received by the writing party (or parties) was $35.0K, with a price of $305.0 per contract. There were 126 open contracts at this strike prior to today, and today 156 contract(s) were bought and sold. 
• For COIN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), we notice a call option sweep that happens to be bearish, expiring in 21 day(s) on March 15, 2024. This event was a transfer of 16 contract(s) at a $155.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $29.2K, with a price of $1825.0 per contract. There were 1197 open contracts at this strike prior to today, and today 76 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

COIN

LMND

10 Financials Stocks With Whale Alerts In Today's Session

The most oversold stocks in the financial sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock&#39;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#39;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the <a href="https://www.benzinga.com/topic/rsi"> RSI is below 30</a>, according to <a href="https://pro.benzinga.com/"> Benzinga Pro</a>.
Here&rsquo;s the latest list of major oversold players in this sector, having an RSI near or below 30.
<h3>HDFC Bank Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hdb#NYSE">HDB</a>)</h3>
<ul>
<li>On Oct. 16, HDFC Bank reported a second-quarter consolidated net revenue increase of 114.8% Y/Y to INR 66,317 crore ($8.02 billion). The company&#39;s consolidated profit after tax for the quarter rose 51.1%. The company&rsquo;s stock fell around 18% over the past month and has a <a href="https://www.benzinga.com/quote/HDB">52-week low of $53.47 </a>.</li>
<li>RSI Value: 27.82</li>
<li>HDB Price Action: Shares of HDFC Bank rose 1.5% to close at $54.80 on Wednesday.</li>
</ul>
<h3>Trinity Capital Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/trin#NASDAQ">TRIN</a>)</h3>
<ul>
<li>On Jan. 5, Trinity Capital Incnamed Michael Testa as CFO, succeeding David Lund. The company&rsquo;s stock fell around 10% over the past month. It <a href="https://www.benzinga.com/quote/TRIN"> has a 52-week low </a> of $11.14.</li>
<li>RSI Value: 28.56</li>
<li>TRIN Price Action: Shares of Trinity Capital rose 0.7% to close at $13.78 on Wednesday.</li>
</ul>
<h3>AlTi Global, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/alti#NASDAQ">ALTI</a>)</h3>
<ul>
<li>On Nov. 14, AlTi Global posted a third-quarter loss of $1.40 per share. The company&rsquo;s stock fell around 37% over the past month and has a 52-week <a href="https://www.benzinga.com/quote/ALTI"> low of $3.88.</a></li>
<li>RSI Value: 29.01</li>
<li>ALTI Price Action: Shares of AlTi Global gained 0.2% to close at $5.65 on Wednesday.</li>
</ul>
<h3>Forge Global Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/frge#NYSE">FRGE</a>)</h3>
<ul>
<li>On Dec. 14, Forge Global revealed first-of-its-kind investable private market index in partnership with Accuidity to provide diversified exposure to late stage companies. The company&rsquo;s shares lost around 52% over the past month. The company&rsquo;s 52-week low is $1.10.</li>
<li>RSI Value: 23.12</li>
<li>FRGE Price Action: Shares of Forge Global fell 2.6% to close at $1.87 on Wednesday.</li>
</ul>
&nbsp;
Read More: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/01/36758057/over-1m-bet-on-this-tech-stock-check-out-these-3-penny-stocks-insiders-are-aggressively-"> Over $1M Bet On This Tech Stock? Check Out These 3 Penny Stocks Insiders Are Aggressively Buying </a>

Shares of Airspan Networks Holdings Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mimo#NASDAQ">MIMO</a>) shares rose sharply during Wednesday&rsquo;s session after the company announced a partnership with GCT Semiconductor to develop an RF module.
Airspan Networks Holdings shares surged 381% to $0.3699 on Wednesday.
Here are some other stocks moving in today&#39;s mid-day session.
<h3>Gainers</h3>
<ul>
<li>Treasure Global Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tgl#NASDAQ">TGL</a>) gained 31% to $0.1144.</li>
<li>LQR House Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lqr#NASDAQ">LQR</a>) gained 30.4% to $2.6344 after dipping 45% on Tuesday. LQR House announced an increase of its share buyback program to $5 million.</li>
<li>ProQR Therapeutics N.V. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/prqr#NASDAQ">PRQR</a>) rose 29% to $3.2123.</li>
<li>Safety Shot, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/shot#NASDAQ">SHOT</a>) climbed 26.7% to $2.2692. Safety Shot responded to FSD Pharma&#39;s unauthorized tagging of its stock and making false claims in an effort to harm the company and its shareholders.</li>
<li>Bullfrog AI Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bfrg#NASDAQ">BFRG</a>) gained 27% to $3.3626 after the company reported early results from its collaboration with Lieber Institute for Brain Development (LIBD).</li>
<li>Fitell Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ftel#NASDAQ">FTEL</a>) rose 25.7% to $1.2451.</li>
<li>Kintara Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ktra#NASDAQ">KTRA</a>) shares climbed 25.6% to $0.1594 after falling more than 9% on Tuesday.</li>
<li>Cognition Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cgtx#NASDAQ">CGTX</a>) gained 22.4% to $2.5339.</li>
<li>Rail Vision Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rvsn#NASDAQ">RVSN</a>) rose 22% to $2.0510 as the company said that a leading US-based rail and leasing services company signed a supply contract with Rail Vision valued at up to $5,000,000 for the purchase of Rail Vision&rsquo;s AI-based Switch Yard Systems.</li>
<li>Digital World Acquisition Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dwac#NASDAQ">DWAC</a>) jumped 17.5% to $26.25 after Donald Trump recently won the Iowa GOP caucus. Digital World Acquisition Corp is the business combination partner of Trump Media &amp; Technology Group.</li>
<li>American Coastal Insurance Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/acic#NASDAQ">ACIC</a>) gained 17.1% to $11.58 after Raymond James initiated coverage on the stock with an Outperform rating and announced a $15 price target.</li>
<li>Sinclair, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sbgi#NASDAQ">SBGI</a>) gained 13.6% to $15.47. Sinclair reached a preliminary agreement to settle the lawsuit filed by Diamond Sports Group, LLC (DSG) and its subsidiary Diamond Sports Net, LLC in July 2023.</li>
<li>Impinj, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pi#NASDAQ">PI</a>) surged 10.6% to $90.50 after the company reported preliminary revenue and adjusted EBITDA for the fourth quarter.</li>
<li>Liquidia Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lqda#NASDAQ">LQDA</a>) gained 10.4% to $13.67.</li>
<li>Maplebear Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cart#NASDAQ">CART</a>) gained 8.4% to $25.90 after Wolfe Research upgraded the stock from Peer Perform to Outperform and announced a $35 price target.</li>
<li>Progress Software Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/prgs#NASDAQ">PRGS</a>) rose 3.4% to $55.41 as the company posted stronger-than-expected results for its fourth quarter.</li>
</ul>
<h3>Losers</h3>
<ul>
<li>TuSimple Holdings Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsp#NASDAQ">TSP</a>) shares tumbled 54.7% to $0.3201 after the company announced its intention to delist from Nasdaq.</li>
<li>Phunware, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/phun#NASDAQ">PHUN</a>) fell 50% to $0.2099 after the company announced pricing of a $7 million registered direct offering price at-the-market under Nasdaq rules.</li>
<li>Adagene Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/adag#NASDAQ">ADAG</a>) declined 46.5% to $2.03 after the company announced the presentation of ADG126 data.</li>
<li>TransCode Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rnaz#NASDAQ">RNAZ</a>) fell 32.6% to $2.5650.</li>
<li>Roma Green Finance Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/roma#NASDAQ">ROMA</a>) declined 31.5% to $2.68.</li>
<li>Remark Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mark#NASDAQ">MARK</a>) fell 27.7% to $0.4899.</li>
<li>Acurx Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/acxp#NASDAQ">ACXP</a>) fell 25.7% to $3.48. Acurx Pharmaceuticals released comparative microbiology and microbiome data for ibezapolstat, its lead antibiotic candidate, from its completed Phase 2b trial in patients with Clostridioides difficile Infection (CDI).</li>
<li>American Battery Technology Company (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/abat#NASDAQ">ABAT</a>) fell 25% to $2.45</li>
<li>Spirit Airlines, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/save#NYSE">SAVE</a>) shares dipped 24.1% to $6.01 on continued downward momentum after a federal judge blocked JetBlue Airways from acquiring the company.</li>
<li>New Horizon Aircraft Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hovr#NASDAQ">HOVR</a>) fell 22.6% to $2.60.</li>
<li>Charge Enterprises, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/crge#NASDAQ">CRGE</a>) fell 22.2% to $0.1260</li>
<li>Calavo Growers, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cvgw#NASDAQ">CVGW</a>) fell 15.4% to $24.56. Calavo Growers delayed release of its fourth-quarter and FY23 financial results.</li>
<li>Alector, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/alec#NASDAQ">ALEC</a>) declined 14.4% to $6.54 after the company announced the pricing of a $75 million public offering of 10,869,566 shares of common stock.</li>
<li>Fisker Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fsr#NYSE">FSR</a>) fell 11.8% to $0.8519. TD Cowen analyst Jeffrey Osborne downgraded Fisker from Outperform to Market Perform and lowered the price target from $11 to $1.</li>
<li>Richtech Robotics Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rr#NASDAQ">RR</a>) fell 11.7% to $6.59.</li>
<li>LendingTree, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tree#NASDAQ">TREE</a>) shares tumbled 10.5% to $25.39.</li>
<li>Nukkleus Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nukk#NASDAQ">NUKK</a>) fell 9.3% to $1.36. Nukkleus signed MOU to increase holdings in Jacobi Asset Management.</li>
<li>Compass, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/comp#NYSE">COMP</a>) declined 8.8% to $2.9350.</li>
<li>Tellurian Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tell#NYSE">TELL</a>) fell 8.6% to $0.6126.</li>
<li>American Axle &amp; Manufacturing Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/axl#NYSE">AXL</a>) fell 8.1% to $7.34 after UBS downgraded the stock from Neutral to Sell and lowered its price target from $8 to $6.5.</li>
<li>Definitive Healthcare Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dh#NASDAQ">DH</a>) tumbled 8.1% to $8.45. Definitive Healthcare named Jason Krantz as Interim CEO, succeeding Robert Musslewhite.</li>
<li>10x Genomics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/txg#NASDAQ">TXG</a>) fell 7.8% to $41.04.</li>
<li>Esperion Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/espr#NASDAQ">ESPR</a>) dipped 6.9% to $2.6150.</li>
<li>HDFC Bank Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hdb#NYSE">HDB</a>) fell 6.8% to $56.99.</li>
<li>MINISO Group Holding Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mnso#NASDAQ">MNSO</a>) fell 6.8% to $21.00. MINISO shifted fiscal year end to Dec. 31 from June 30 for enhanced financial alignment.</li>
<li>DigitalOcean Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/docn#NYSE">DOCN</a>) declined 5.8% to $32.94. DigitalOcean named Paddy Srinivasan as Chief Executive Officer.</li>
<li>SolarEdge Technologies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sedg#NASDAQ">SEDG</a>) fell 5.7% to $68.63 after Barclays downgraded the stock from Equal-Weight to Underweight and lowered its price target from $74 to $50.</li>
</ul>
&nbsp;
Now Read This: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/01/36653800/jim-cramer-says-hold-onto-this-biotech-stock-i-dont-understand-why-its-so-inexpensive"> Jim Cramer Says Hold Onto This Biotech Stock: &#39;I Don&#39;t Understand Why It&#39;s So Inexpensive&#39;</a>

Why Airspan Networks Shares Are Trading Higher By Over 380%? Here Are Other Stocks Moving In Wednesday's Mid-Day Session

U.S. stocks traded lower, with the Nasdaq Composite falling more than 150 points on Wednesday.
Shares of SolarEdge Technologies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sedg#NASDAQ">SEDG</a>) fell during Wednesday&rsquo;s session after Barclays downgraded the stock from Equal-Weight to Underweight and lowered its price target from $74 to $50.
SolarEdge Technologies shares declined 5.4% to $68.91 on Wednesday.
Here are some other big stocks recording losses in today&rsquo;s session.
<ul>
<li>Spirit Airlines, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/save#NYSE">SAVE</a>) shares dipped 24.1% to $6.01 on continued downward momentum after a federal judge blocked JetBlue Airways from acquiring the company.</li>
<li>Calavo Growers, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cvgw#NASDAQ">CVGW</a>) fell 15.4% to $24.56. Calavo Growers delayed release of its fourth-quarter and FY23 financial results.</li>
<li>Alector, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/alec#NASDAQ">ALEC</a>) declined 14.4% to $6.54 after the company announced the pricing of a $75 million public offering of 10,869,566 shares of common stock.</li>
<li>Fisker Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fsr#NYSE">FSR</a>) fell 11.8% to $0.8519. TD Cowen analyst Jeffrey Osborne downgraded Fisker from Outperform to Market Perform and lowered the price target from $11 to $1.</li>
<li>Richtech Robotics Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rr#NASDAQ">RR</a>) fell 11.7% to $6.59.</li>
<li>LendingTree, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tree#NASDAQ">TREE</a>) shares tumbled 10.5% to $25.39.</li>
<li>Nukkleus Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nukk#NASDAQ">NUKK</a>) fell 9.3% to $1.36. Nukkleus signed MOU to increase holdings in Jacobi Asset Management.</li>
<li>Compass, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/comp#NYSE">COMP</a>) declined 8.8% to $2.9350.</li>
<li>Tellurian Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tell#NYSE">TELL</a>) fell 8.6% to $0.6126.</li>
<li>American Axle &amp; Manufacturing Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/axl#NYSE">AXL</a>) fell 8.1% to $7.34 after UBS downgraded the stock from Neutral to Sell and lowered its price target from $8 to $6.5.</li>
<li>Definitive Healthcare Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dh#NASDAQ">DH</a>) tumbled 8.1% to $8.45. Definitive Healthcare named Jason Krantz as Interim CEO, succeeding Robert Musslewhite.</li>
<li>10x Genomics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/txg#NASDAQ">TXG</a>) fell 7.8% to $41.04.</li>
<li>Esperion Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/espr#NASDAQ">ESPR</a>) dipped 6.9% to $2.6150.</li>
<li>HDFC Bank Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hdb#NYSE">HDB</a>) fell 6.8% to $56.99.</li>
<li>MINISO Group Holding Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mnso#NASDAQ">MNSO</a>) fell 6.8% to $21.00. MINISO shifted fiscal year end to Dec. 31 from June 30 for enhanced financial alignment.</li>
<li>DigitalOcean Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/docn#NYSE">DOCN</a>) declined 5.8% to $32.94. DigitalOcean named Paddy Srinivasan as Chief Executive Officer.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/01/36656270/top-3-industrials-stocks-that-could-blast-off-in-january"> Top 3 Industrials Stocks That Could Blast Off In January</a>

HDFC Bank (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HDB#NYSE">HDB</a>) has outperformed the market over the past 10 years by 4.51% on an annualized basis producing an average annual return of 14.4%. Currently, HDFC Bank has a market capitalization of $165.72 billion. 
Buying $1000 In HDB: If an investor had bought $1000 of HDB stock 10 years ago, it would be worth $3,839.25 today based on a price of $65.48 for HDB at the time of writing.
<h3>HDFC Bank's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1704740419_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

If You Invested $1000 In This Stock 10 Years Ago, You Would Have $3,800 Today

HDFC Bank (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HDB#NYSE">HDB</a>) has outperformed the market over the past 10 years by 4.68% on an annualized basis producing an average annual return of 14.58%. Currently, HDFC Bank has a market capitalization of $169.56 billion. 
Buying $1000 In HDB: If an investor had bought $1000 of HDB stock 10 years ago, it would be worth $3,860.55 today based on a price of $67.00 for HDB at the time of writing.
<h3>HDFC Bank's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2023/1703601034_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$1000 Invested In This Stock 10 Years Ago Would Be Worth $3,900 Today

Looking into the current session, HDFC Bank Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HDB#NYSE">HDB</a>) shares are trading at $66.20, after a 0.95% spike. Moreover, over the past month, the stock spiked by 11.26%, but in the past year, decreased by 0.96%. Shareholders might be interested in knowing whether the stock is undervalued, even if the company is performing up to par in the current session. 

<img src="https://www.benzinga.com/files/images/story/2023/1703180713_0.png" alt="Past Year Chart" />

<h3>HDFC Bank P/E Compared to Competitors</h3>
The P/E ratio is used by long-term shareholders to assess the company's market performance against aggregate market data, historical earnings, and the industry at large. A lower P/E could indicate that shareholders do not expect the stock to perform better in the future or it could mean that the company is undervalued. 
Compared to the aggregate P/E ratio of 13.37 in the Banks industry, HDFC Bank Inc. has a higher P/E ratio of 20.48. Shareholders might be inclined to think that HDFC Bank Inc. might perform better than its industry group. It's also possible that the stock is overvalued. 

<img src="https://www.benzinga.com/files/images/story/2023/1703180713_1.png" alt="Guage" />

In conclusion, the price-to-earnings ratio is a useful metric for analyzing a company's market performance, but it has its limitations. While a lower P/E can indicate that a company is undervalued, it can also suggest that shareholders do not expect future growth. Additionally, the P/E ratio should not be used in isolation, as other factors such as industry trends and business cycles can also impact a company's stock price. Therefore, investors should use the P/E ratio in conjunction with other financial metrics and qualitative analysis to make informed investment decisions.

P/E Ratio Insights for HDFC Bank

In the current market session, HDFC Bank Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HDB#NYSE">HDB</a>) share price is at $63.98, after a 1.04% drop. Over the past month, the stock spiked by 9.33%, but over the past year, it actually decreased by 6.31%. With good short-term performance like this, and questionable long-term performance, long-term shareholders might want to start looking into the company's price-to-earnings ratio.

<img src="https://www.benzinga.com/files/images/story/2023/1702476937_0.png" alt="Past Year Chart" />

<h3>HDFC Bank P/E Compared to Competitors</h3>
The P/E ratio measures the current share price to the company's EPS. It is used by long-term investors to analyze the company's current performance against it's past earnings, historical data and aggregate market data for the industry or the indices, such as S&amp;P 500. A higher P/E indicates that investors expect the company to perform better in the future, and the stock is probably overvalued, but not necessarily. It also could indicate that investors are willing to pay a higher share price currently, because they expect the company to perform better in the upcoming quarters. This leads investors to also remain optimistic about rising dividends in the future. 
HDFC Bank has a better P/E ratio of 20.25 than the aggregate P/E ratio of 13.26 of the Banks industry. Ideally, one might believe that HDFC Bank Inc. might perform better in the future than it's industry group, but it's probable that the stock is overvalued. 

<img src="https://www.benzinga.com/files/images/story/2023/1702476937_1.png" alt="Guage" />

In conclusion, the price-to-earnings ratio is a useful metric for analyzing a company's market performance, but it has its limitations. While a lower P/E can indicate that a company is undervalued, it can also suggest that shareholders do not expect future growth. Additionally, the P/E ratio should not be used in isolation, as other factors such as industry trends and business cycles can also impact a company's stock price. Therefore, investors should use the P/E ratio in conjunction with other financial metrics and qualitative analysis to make informed investment decisions.

Price Over Earnings Overview: HDFC Bank

HDFC Bank (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HDB#NYSE">HDB</a>) has outperformed the market over the past 10 years by 3.6% on an annualized basis producing an average annual return of 13.31%. Currently, HDFC Bank has a market capitalization of $159.56 billion. 
Buying $100 In HDB: If an investor had bought $100 of HDB stock 10 years ago, it would be worth $345.78 today based on a price of $63.07 for HDB at the time of writing.
<h3>HDFC Bank's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2023/1701889236_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much $100 Invested In HDFC Bank 10 Years Ago Would Be Worth Today

HDFC Bank (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HDB#NYSE">HDB</a>) has outperformed the market over the past 10 years by 3.88% on an annualized basis producing an average annual return of 13.54%. Currently, HDFC Bank has a market capitalization of $148.42 billion. 
Buying $100 In HDB: If an investor had bought $100 of HDB stock 10 years ago, it would be worth $346.89 today based on a price of $58.67 for HDB at the time of writing.
<h3>HDFC Bank's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2023/1700076610_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Shares of banks and financial services stocks are trading higher amid overall market strength after October CPI data showed softer-than-expected inflation.

HDFC Bank (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HDB#NYSE">HDB</a>) has outperformed the market over the past 20 years by 1.09% on an annualized basis producing an average annual return of 8.39%. Currently, HDFC Bank has a market capitalization of $144.14 billion. 
Buying $1000 In HDB: If an investor had bought $1000 of HDB stock 20 years ago, it would be worth $4,972.51 today based on a price of $56.98 for HDB at the time of writing.
<h3>HDFC Bank's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2023/1698948011_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much You Would Have Made Owning HDFC Bank Stock In The Last 20 Years

HDFC Bank (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HDB#NYSE">HDB</a>) has outperformed the market over the past 10 years by 3.31% on an annualized basis producing an average annual return of 12.82%. Currently, HDFC Bank has a market capitalization of $148.81 billion. 
Buying $1000 In HDB: If an investor had bought $1000 of HDB stock 10 years ago, it would be worth $3,321.36 today based on a price of $58.88 for HDB at the time of writing.
<h3>HDFC Bank's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2023/1697571022_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$1000 Invested In This Stock 10 Years Ago Would Be Worth $3,300 Today

HDFC Bank Ltd&nbsp;(NYSE:&nbsp;HDB) reported a Q2 consolidated net revenue increase of 114.8% Y/Y to&nbsp;<a class="editor-rtfLink" href="https://www.hdfcbank.com/content/bbp/repositories/723fb80a-2dde-42a3-9793-7ae1be57c87f/?path=/Footer/About%20Us/Investor%20Relation/Detail%20PAges/financial%20results/PDFs/2023/oct/Press%20Release%20to%20announce%20Financial%20Results%20for%20the%20Quarter%20and%20half%20year%20ended%20September%2030%202023.pdf" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">INR 66,317 crore ($8.02 billion)</a>.
The company&#39;s consolidated profit after tax for the quarter rose 51.1%. Earnings per share for the quarter ended September 30, 2023, was INR 22.2.
On a standalone basis, the Bank&#39;s net revenue rose by 33.1% Y/Y to INR 38,093 crore in the quarter. The company reported a net profit growth of 50.6% Y/Y to INR 15,976 crore.
Net interest income (interest earned less interest expended) grew 30.3% Y/Y to INR 27,385 crore, with a core net interest margin of 3.65% on total assets and 3.85% on interest earning assets.&nbsp;
As of September 30, 2023, total deposits stood at INR 21,72,858 crore (+29.8% Y/Y), and gross advances came in at INR 23,54,633 crore (+57.7% Y/Y).
As of September 30, 2023, Tier 1 CAR stood at 17.8%, and Common Equity Tier 1 Capital ratio was at 17.3%.
Also, gross non-performing assets stood at 1.34% of gross advances as of September 30, 2023, vs 1.23% a year ago.
In July, HDFC Bank disclosed the merger closure of HDFC Ltd., India&#39;s premier housing finance company,&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/news/earnings/23/07/33093312/hdfc-bank-merges-with-indian-premier-housing-finance-arm-hdfc-ltd" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">effective July 1, 2023</a>.&nbsp;
Price Action: HDB shares are trading higher by 1.94% at $59.33 on the last check Monday.

Earnings

Equities

Large Cap

HDFC Q2 Net Profit Jumps Over 50%, First Quarterly Results Post Housing Finance Arm Merger

-ET
<a href="https://economictimes.indiatimes.com/markets/stocks/live-blog/hdfc-bank-q2-results-today-live-updates-hdfc-bank-q2-earnings-latest-news-16-october-2023/liveblog/104459787.cms" title="https://economictimes.indiatimes.com/markets/stocks/live-blog/hdfc-bank-q2-results-today-live-updates-hdfc-bank-q2-earnings-latest-news-16-october-2023/liveblog/104459787.cms">https://economictimes.indiatimes.com/markets/stocks/live-blog/hdfc-bank-q2-results-today-live-updates-hdfc-bank-q2-earnings-latest-news-16-october-2023/liveblog/104459787.cms</a>

HDFC Bank Posted a Standalone Net Profit of INR159.76B ($1.92B) for September Quarter, Results Mark the First Quarterly Report Following HDFC Bank-Housing Development Finance Corp Merger  on July 1 in a $40B Deal

HDFC Bank Q2 EPS $0.27 Down from $0.75 YoY, Sales $8.02B Up From $6.17B YoY

<h3>Companies Reporting Before The Bell</h3>
&bull; Charles Schwab (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHW#NYSE">SCHW</a>) is likely to report quarterly earnings at $0.75 per share on revenue of $4.63 billion.
&bull; Guaranty Bancshares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNTY#NYSE">GNTY</a>) is expected to report quarterly earnings at $0.55 per share on revenue of $29.02 million.
&bull; Yatra Online (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YTRA#NASDAQ">YTRA</a>) is expected to report quarterly loss at $0.02 per share on revenue of $13.57 million.
&bull; HDFC Bank (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HDB#NYSE">HDB</a>) is likely to report earnings for its second quarter.
<h3>Companies Reporting After The Bell</h3>
&bull; Equity Lifestyle Props (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELS#NYSE">ELS</a>) is projected to report earnings for its third quarter.
&bull; FB Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FBK#NYSE">FBK</a>) is expected to report quarterly earnings at $0.69 per share on revenue of $122.89 million.
&bull; CrossFirst Bankshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CFB#NASDAQ">CFB</a>) is estimated to report quarterly earnings at $0.32 per share on revenue of $60.60 million.
&bull; Servisfirst Bancshares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SFBS#NYSE">SFBS</a>) is likely to report quarterly earnings at $0.95 per share on revenue of $109.98 million.
&bull; Avient (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVNT#NYSE">AVNT</a>) is estimated to report earnings for its third quarter.
&bull; Enerpac Tool Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPAC#NYSE">EPAC</a>) is expected to report earnings for its fourth quarter.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

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Earnings Scheduled For October 16, 2023

HDFC Bank: The Jury Is Still Out, Although The Risk-Reward Is In A Better Place

Hdfc Bank (HDB) has released an update. HDFC Bank has reported a robust year-over-year growth in gross advances by 55.4% to ₹25,080 billion, and a ...

HDFC Bank Posts Strong Growth in 2024

CleanSpark, Marathon, Riot gap down as bitcoin dips: week's financials roundup

Hdfc Bank (HDB) has released an update. HDFC Bank has been penalized by the Additional Commissioner (Central Tax), Telangana, with a fine of Rs. 0....

HDFC Bank Faced with Tax Penalty

Hdfc Bank (HDB) has released an update. HDFC Bank Limited has announced the sale of a 3.03% stake in Indraprastha Medical Corporation Limited, amou...

HDFC Bank Sells Stake in Healthcare Firm

Hdfc Bank (HDB) has released an update. HDFC Bank has been fined Rs. 0.75 crore by the Deputy Commissioner of State Tax, Mumbai, for the alleged ex...

HDFC Bank Faced With Rs. 0.75 Crore Penalty

Global Stock leaders for 2030 in Fin Tech - UBS

Hdfc Bank (HDB) has released an update. HDFC Bank has been penalized by the Deputy Commissioner of State Tax, Mumbai, with a minor penalty of Rs. 0...

HDFC Bank Faces Penalty Over Tax Credit

ClearBridge International Growth ACWI Ex-US Strategy Q1 2024 Commentary

Hdfc Bank (HDB) has released an update. HDFC Bank Limited has announced that its Board of Directors will consider the annual renewal of various fun...

HDFC Bank to Review Funding Renewals

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Press Releases

HDFC Bank Limited 20-F Available Online

Bank of America

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