5/4/2024, 9:16:03 am

HDFC ADR rises 7% on higher advances growth in Q4

HDFC Bank American Depository Receipt rose 7% on April 04 after it reported a healthy business update for the fourth quarter. The ADRs of the bank outperformed all the peer Indian ADRs. The banking stock listed on the NYSE rose to an intraday high of $60.42 compared to its previous close of $56.40.  An ADR is a certificate issued by an American bank.