HDFC Bank (ADR) (HDB)

HDB has climbed about 3.5% this week, but still sits roughly a tenth below where it traded on average over the past year.

What is going on right now?

The price has bounced off its recent lows and sits just above where it's been over the last few weeks, though it remains well below its longer-term trend line near $26.

How is the business itself doing?

This is a large regional bank in India with about 210,000 employees. Its revenue grew around 81% and its earnings rose about 21% recently, keeping about a quarter of revenue as profit.

What stands out?

Its price tends to move much less than the broader market, roughly half as much. Some balance sheet details, like debt levels, aren't publicly available right now.

What comes next?

Reports of tensions near the Strait of Hormuz could push oil prices higher, and since India imports most of its oil, that directly affects the costs flowing through banks like this one.