HDFC Bank saw stake increases and ratings boosts amid surpassing earnings expectations.

B. Metzler seel. Sohn & Co. AG increased its HDFC Bank stake by 0.8% in Q4 2020, while CIBC Private Wealth Group LLC reduced its holdings by 2.5%. HDFC Bank surpassed earnings expectations, posting $0.82 earnings per share. Nomura Securities upgraded HDFC Bank to a "strong-buy" rating. The bank provides services in India, Bahrain, Hong Kong, and Dubai, with a market cap of $167.50 billion.