As on 30th June, 2010 the authorized share capital of the Bank is

Rs. 550 crore. The paid-up capital as on said date is Rs.

459,69,07,030/- (45,96,90,703 equity shares of Rs. 10/- each). The
HDFC Group holds 23.63 % of the Bank's equity and about 17.05 %
of the equity is held by the ADS Depository (in respect of the
bank's American Depository Shares (ADS) Issue). 27.45% of the
equity is held by Foreign Institutional Investors (FIIs) and the
Bank has about 4,33,078 shareholders.

The shares are listed on the Bombay Stock Exchange Limited and
The National Stock Exchange of India Limited. The Bank's
American Depository Shares (ADS) are listed on the New York
Stock Exchange (NYSE) under the symbol 'HDB' and the Bank's
Global Depository Receipts (GDRs) are listed on Luxembourg
Stock Exchange under ISIN No US40415F2002.
Fundamental analysis of a business involves analyzing its financial statements and
health, its management and competitive advantages, and its competitors and markets.

Fundamental analysis is performed on historical and present data, but with the goal of
making financial forecasts. There are several possible objectives:

To conduct a company stock valuation and predict its probable price evolution,
To make a projection on its business performance,
To evaluate its management and make internal business decisions,
To calculate its credit risk.

Tools of Fundamental Analysis

Earnings Per Share-EPS

Price to Earnings Ratio-P/E
Dividend Payout Ratio
Return on Equity
Dividend Yield
 Return on equity (ROE) measures a firm's efficiency at generating profits from
every unit of shareholders' equity (also known as net assets or assets minus
liabilities). ROE shows how well a company uses investment funds to generate
earnings growth.

Particular FY 01 FY 02 FY 03 FY 04 FY 05
ROE 22.02% 16.16% 19.48% 19.70% 16.46%
ROA 1.40% 1.42% 1.41% 1.40% 1.42%

These metrics are the standards for gauging bank profitability. Generally investors should
look for mid to high-teen returns on equity. It is easy to boost bank's earnings in the short
term by under-provisioning or leveraging up the balance sheet, which can be unduly risky
over the long term. For this reason, it is good to see a high level of return on assets as well.
For Banks a top ROA is in the 1.2 to 1.4% range

ROE at over 16% is still among the best in the industry, despite the gradual declining trend
for the last few years. Coupled with this you have HDFC Bank maintaining ROAs
consistently over 1.4% –that’s a super track record. This record of high ROEs with
consistently high ROAs as well, is difficult to find among Indian Banks.
It is a process of identifying trend reversals at an earlier stage to formulate the
buying & selling strategy. With the help of several indicators they analyze the
relationship between price-volume & supply-demand for the overall market &
the individual stock.

The technical analysis is based on the doctrine given by Charles H. Dow in

1984, in the Wall Street Journal.

Tools of Technical Analysis

Dow Theory
Moving Averages
Volume of Trading
Short Selling
Odd lot trading
Bars & line charts
Oscillators
 Sensex hits 32-month high ; HDFC Bank is at all-time high
 the trend is still positive
 This is the right time to hold the stock