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As Hdfc Bank LTD (HDB) Market Valuation Declined, Holder Johnston Asset Management Corp Decreased Its Position by $4.97 Million

HDFC Bank Limited (NYSE:HDB) Logo

Johnston Asset Management Corp decreased its stake in Hdfc Bank Ltd (HDB) by 1.79% based on its latest 2018Q2 regulatory filing with the SEC. Johnston Asset Management Corp sold 47,303 shares as the company’s stock declined 6.74% while stock markets rallied. The institutional investor held 2.60M shares of the commercial banks company at the end of 2018Q2, valued at $273.06 million, down from 2.65 million at the end of the previous reported quarter. Johnston Asset Management Corp who had been investing in Hdfc Bank Ltd for a number of months, seems to be less bullish one the $72.21B market cap company. The stock decreased 0.12% or $0.11 during the last trading session, reaching $92.05. About 708,051 shares traded. HDFC Bank Limited (NYSE:HDB) has declined 3.92% since November 10, 2017 and is downtrending. It has underperformed by 19.54% the S&P500.

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