HDB
HDFC Bank Limited Financial Services - Banking Investor Relations →
HDFC Bank Limited (HDB) closed at $34.46 as of 2026-02-02, trading 9.9% above its 200-week moving average of $31.37. The stock moved further from the line this week, up from 3.3% last week. The 14-week RSI sits at 41, indicating neutral momentum.
Over the past 1233 weeks of data, HDB has crossed below its 200-week moving average 15 times. On average, these episodes lasted 12 weeks. Historically, investors who bought HDB at the start of these episodes saw an average one-year return of +38.9%.
With a market cap of $176.8 billion, HDB is a large-cap stock. Return on equity stands at 14.0%. The stock trades at 8.5x book value.
Share count has increased 38.0% over three years, indicating dilution.
Over the past 23.8 years, a hypothetical investment of $100 in HDB would have grown to $6471, compared to $1079 for the S&P 500. That represents an annualized return of 19.2% vs 10.5% for the index — confirming HDB as a market-beating investment and the kind of quality company where buying during 200-week moving average touches has historically been rewarded.
Free cash flow has been growing at a 26.7% compound annual rate, with 4 consecutive years of positive cash generation.
Growth of $100: HDB vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After HDB Crosses Below the Line?
Across 15 historical episodes, buying HDB when it crossed below its 200-week moving average produced an average return of +39.9% after 12 months (median +29.0%), compared to +18.8% for the S&P 500 over the same periods. 100% of those episodes were profitable after one year. After 24 months, the average return was +57.4% vs +36.1% for the index.
Each line shows $100 invested at the moment HDB crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
HDB has crossed below its 200-week MA 15 times with an average 1-year return of +38.9% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Jun 2002 | Jan 2003 | 30 | 16.3% | +44.1% | +6370.6% |
| Oct 2008 | Apr 2009 | 28 | 34.4% | +90.1% | +1187.5% |
| Aug 2013 | Sep 2013 | 8 | 10.5% | +48.6% | +390.4% |
| Jan 2014 | Feb 2014 | 5 | 6.1% | +90.6% | +377.3% |
| Mar 2020 | Aug 2020 | 23 | 27.2% | +117.4% | +107.4% |
| Sep 2020 | Sep 2020 | 1 | 0.6% | +52.6% | +52.6% |
| Feb 2022 | Mar 2022 | 2 | 3.7% | +20.9% | +28.7% |
| Apr 2022 | Jul 2022 | 15 | 12.4% | +22.2% | +25.0% |
| Sep 2022 | Oct 2022 | 4 | 3.3% | +1.9% | +22.2% |
| Sep 2023 | Dec 2023 | 11 | 7.8% | +12.9% | +19.9% |
| Jan 2024 | Jun 2024 | 22 | 13.2% | +5.8% | +26.4% |
| Jul 2024 | Sep 2024 | 11 | 6.5% | +25.1% | +14.1% |
| Sep 2024 | Oct 2024 | 3 | 4.1% | +13.7% | +14.4% |
| Nov 2024 | Nov 2024 | 1 | 1.8% | +19.2% | +12.7% |
| Dec 2024 | Mar 2025 | 11 | 6.6% | +18.1% | +11.6% |
| Average | 12 | — | +38.9% | — |
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of Friday close, 2026-02-02