HDFC Bank shares rise 3% on strong Q1 business update
pre-market1 source ↓written by the desknot a recommendation
- HDFC Bank rose
- 3.08%
- after reporting
- ₹815.7
- increase in gross
- 15.4% YoY
- Total deposits grew
- 14.7% YoY
- ₹31.70 lakh crore
Shares of HDFC Bank rose 3.08% to ₹815.7 after reporting a 15.4% YoY increase in gross advances for Q1, exceeding expectations. Total deposits grew 14.7% YoY to ₹31.70 lakh crore, surpassing analyst forecasts. Despite the uptick, the stock remains down 18% year-to-date, indicating potential recovery ahead.
Not investment advice. For informational purposes only.