HDFC Bank shares rise 3% after strong Q1 business update
after close1 source ↓written by the desknot a recommendation
- to ₹815.7 following
- 3.08%
- YoY to ₹31.70
- 14.7%
- year-to-date
- 18% decline
Shares of HDFC Bank surged 3.08% to ₹815.7 following a robust Q1 business update, with gross advances up 15.4% YoY to ₹30.61 lakh crore, exceeding estimates. Total deposits also rose 14.7% YoY to ₹31.70 lakh crore, beating consensus expectations. Brokerages have reiterated their 'Buy' rating on the stock, despite an 18% decline year-to-date.
Not investment advice. For informational purposes only.