HDFC Bank Limited (ADR) (HDB)

ddberg (96.65) Submitted: 3/26/08 10:23 AM : Start Price: $72.67 HDB Score: 41.42

Middle class expanding exponentially in India, and first-time homeowners driving enormous real estate boom. 30% down payment required for mortgage loans, meaning a lot of the "subprime" type borrowers are elminated from the picture (providing reduced risk for lenders). Average time it takes for an Indian family to save enough to buy a house is now down to 3 years, where it used to be 20 years. HDFC has been capitalizing on these trends and will continue to do so.

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