Comgest Global Investors S.A.S. significantly increased its stake in HDFC Bank Limited (NYSE:HDB) by 85.0% in the third quarter, bringing their total holdings to 541,683 shares valued at $18.50 million. Other institutional investors like JPMorgan Chase & Co. and Robeco Institutional Asset Management B.V. also substantially raised their positions in the bank. HDFC Bank, which reported strong quarterly earnings exceeding analyst estimates, currently holds a consensus “Hold” rating from equities analysts.
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Comgest Global Investors S.A.S. Has $18.50 Million Stake in HDFC Bank Limited $HDB
Comgest Global Investors S.A.S. significantly increased its stake in HDFC Bank Limited (NYSE:HDB) by 85.0% in the third quarter, bringing their total holdings to 541,683 shares valued at $18.50 million. Other institutional investors like JPMorgan Chase & Co. and Robeco Institutional Asset Management B.V. also substantially raised their positions in the bank. HDFC Bank, which reported strong quarterly earnings exceeding analyst estimates, currently holds a consensus “Hold” rating from equities analysts.