Published on 9 Jan 2024 on Insider Monkey via Yahoo Finance

Should You Consider Adding HDFC Bank Limited (HDB) to Your Portfolio?

ClearBridge Investments, an investment management company, released its “ClearBridge International Growth EAFE Strategy” fourth quarter 2023 investor letter. A copy of the same can be downloaded here. Holdings in Europe and the United Kingdom made significant contributions to the Strategy's performance, which exceeded its benchmark, the MSCI EAFE Index. The strategy generated gains across nine of the ten sectors in which it was invested during the quarter, on an absolute basis. Overall sector allocation contributed to the performance on a relative basis. In addition, please check the fund’s top five holdings to know its best picks in 2023.

ClearBridge International Growth EAFE Strategy featured stocks such as HDFC Bank Limited (NYSE:HDB) in its Q4 2023 investor letter. Headquartered in Mumbai, India, HDFC Bank Limited (NYSE:HDB) offers banking and financial services. On January 8, 2024, HDFC Bank Limited (NYSE:HDB) stock closed at $65.92 per share. One-month return of HDFC Bank Limited (NYSE:HDB) was 1.96%, and its shares gained 0.52% of their value over the last 52 weeks. HDFC Bank Limited (NYSE:HDB) has a market capitalization of $166.832 billion.

ClearBridge International Growth EAFE Strategy stated the following regarding HDFC Bank Limited (NYSE:HDB) in its fourth quarter 2023 investor letter: