According to technical analysts, the Banking Major HDFC BANK is good for intraday trading. Traders can buy HDFC BANK with strict stop loss of Rs 1750 for the target of Rs 1822-1863.

At National Stock Exchange, the stock of HDFC BANK has achieved a 52-week high of Rs 1799 with a low of Rs 801.

The Housing Development Finance Corporation Limited (HDFC) was amongst the first to receive an 'in principle' approval from the Reserve Bank of India (RBI) to set up a bank in the private sector, as part of the RBI's liberalization of the Indian Banking Industry in 1994. HDFC BANK offers a range of commercial and transactional banking services, and treasury products to wholesale and retail customers.

Based on current results, the stock of the company is trading at a P/E of 47 with earning per share of Rs 37.57.

The cooperative unit of HDFC BANK is also doing robust efforts to provide innovative banking facilities in the coming quarters.